{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/8.9A-318.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/8.9A-318.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/8.9A-318.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/8.9A-318.html"}],"law_id":378398,"edition_id":2,"section_id":378398,"structure_id":53774,"section_number":"8.9A-318","catch_line":"No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers","history":"2000, c. 1007.","full_text":"a\n\nSeller retains no interest. A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in the collateral sold.\n\nb\n\nDeemed rights of debtor if buyer’s security interest unperfected. For purposes of determining the rights of creditors of, and purchasers for value of an account or chattel paper from, a debtor that has sold an account or chattel paper, while the buyer’s security interest is unperfected, the debtor is deemed to have rights and title to the account or chattel paper identical to those the debtor sold.\n\n","order_by":null,"text":{"0":{"id":1412403,"text":"Seller retains no interest. A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable interest in the collateral sold.","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"b"},"1":{"id":1412404,"text":"Deemed rights of debtor if buyer’s security interest unperfected. For purposes of determining the rights of creditors of, and purchasers for value of an account or chattel paper from, a debtor that has sold an account or chattel paper, while the buyer’s security interest is unperfected, the debtor is deemed to have rights and title to the account or chattel paper identical to those the debtor sold.","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"a"}},"ancestry":[{"id":53774,"edition_id":2,"name":"Priority","identifier":"3","label":"subpart","depth":3,"order_by":3,"parent_id":53771,"metadata":{"child_laws":24,"child_structures":0},"date_created":"2026-08-02 03:22:03","date_modified":"2026-08-02 12:28:37","permalink":{"id":1511027,"object_type":"structure","relational_id":53774,"identifier":"3","token":"8.9A\/3\/3","url":"\/8.9A\/3\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53771,"edition_id":2,"name":"Perfection and Priority","identifier":"3","label":"part","depth":2,"order_by":3,"parent_id":53764,"metadata":{"child_laws":46,"child_structures":4},"date_created":"2026-08-02 03:21:58","date_modified":"2026-08-02 12:28:37","permalink":{"id":1510945,"object_type":"structure","relational_id":53771,"identifier":"3","token":"8.9A\/3","url":"\/8.9A\/3\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53764,"edition_id":2,"name":"Commercial Code \u2014 Secured Transactions","identifier":"8.9A","label":"title","depth":1,"order_by":30,"parent_id":null,"metadata":{"child_laws":153,"child_structures":20},"date_created":"2026-08-02 03:21:54","date_modified":"2026-08-02 12:28:36","permalink":{"id":1510835,"object_type":"structure","relational_id":53764,"identifier":"8.9A","token":"8.9A","url":"\/8.9A\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":378397,"structure_id":53774,"section_number":"8.9A-317","catch_line":"Interests that take priority over or take free of security interest or agricultural lien","url":"\/8.9A-317\/","token":"8.9A\/3\/3\/8.9A-317","metadata":false},{"id":378398,"structure_id":53774,"section_number":"8.9A-318","catch_line":"No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers","url":"\/8.9A-318\/","token":"8.9A\/3\/3\/8.9A-318","metadata":false},{"id":378399,"structure_id":53774,"section_number":"8.9A-319","catch_line":"Rights and title of consignee with respect to creditors and purchasers","url":"\/8.9A-319\/","token":"8.9A\/3\/3\/8.9A-319","metadata":false},{"id":378400,"structure_id":53774,"section_number":"8.9A-320","catch_line":"Buyer of goods","url":"\/8.9A-320\/","token":"8.9A\/3\/3\/8.9A-320","metadata":false},{"id":378401,"structure_id":53774,"section_number":"8.9A-321","catch_line":"Licensee of general intangible and lessee of goods in ordinary course of business","url":"\/8.9A-321\/","token":"8.9A\/3\/3\/8.9A-321","metadata":false},{"id":378402,"structure_id":53774,"section_number":"8.9A-322","catch_line":"Priorities among conflicting security interests in and agricultural liens on same collateral","url":"\/8.9A-322\/","token":"8.9A\/3\/3\/8.9A-322","metadata":false},{"id":378403,"structure_id":53774,"section_number":"8.9A-323","catch_line":"Future advances","url":"\/8.9A-323\/","token":"8.9A\/3\/3\/8.9A-323","metadata":false},{"id":378404,"structure_id":53774,"section_number":"8.9A-324","catch_line":"Priority of purchase-money security interests","url":"\/8.9A-324\/","token":"8.9A\/3\/3\/8.9A-324","metadata":false},{"id":378405,"structure_id":53774,"section_number":"8.9A-325","catch_line":"Priority of security interests in transferred collateral","url":"\/8.9A-325\/","token":"8.9A\/3\/3\/8.9A-325","metadata":false},{"id":378407,"structure_id":53774,"section_number":"8.9A-326","catch_line":"Priority of security interests created by new debtor","url":"\/8.9A-326\/","token":"8.9A\/3\/3\/8.9A-326","metadata":false},{"id":378406,"structure_id":53774,"section_number":"8.9A-326.1","catch_line":"Priority of security interest in controllable account, controllable electronic record, and controllable payment intangible","url":"\/8.9A-326.1\/","token":"8.9A\/3\/3\/8.9A-326.1","metadata":false},{"id":378408,"structure_id":53774,"section_number":"8.9A-327","catch_line":"Priority of security interests in deposit account","url":"\/8.9A-327\/","token":"8.9A\/3\/3\/8.9A-327","metadata":false},{"id":378409,"structure_id":53774,"section_number":"8.9A-328","catch_line":"Priority of security interests in investment property","url":"\/8.9A-328\/","token":"8.9A\/3\/3\/8.9A-328","metadata":false},{"id":378410,"structure_id":53774,"section_number":"8.9A-329","catch_line":"Priority of security interests in letter-of-credit right","url":"\/8.9A-329\/","token":"8.9A\/3\/3\/8.9A-329","metadata":false},{"id":378411,"structure_id":53774,"section_number":"8.9A-330","catch_line":"Priority of purchaser of chattel paper or instrument","url":"\/8.9A-330\/","token":"8.9A\/3\/3\/8.9A-330","metadata":{"court_decisions":{"0":{"name":" .\u202f.\u202f. Swanson v. Applied Process Technology International, LLC (In .\u202f.\u202f. ","case_number":"Bankruptcy No. 10-50980-SCS; Adversary No. 10-05043-SCS","citation":"475 B.R. 495","date":"2012-07-09","url":"https:\/\/www.courtlistener.com\/opinion\/8522445\/swanson-v-applied-process-technology-international-llc-in-re-delta-t\/","abstract":" .\u202f.\u202f. MEMORANDUM OPINION .\u202f.\u202f. ","court_html":"United States Bankruptcy Court, E.D. Virginia"}}}},{"id":378412,"structure_id":53774,"section_number":"8.9A-331","catch_line":"Priority of rights of purchasers of controllable accounts, controllable electronic records, controllable payment intangibles, documents, instruments and securities under other titles, priority of interests in financial assets and security entitlements and protection against assertion of claims under Titles 8.8A and 8.12","url":"\/8.9A-331\/","token":"8.9A\/3\/3\/8.9A-331","metadata":false},{"id":378413,"structure_id":53774,"section_number":"8.9A-332","catch_line":"Transfer of money, transfer of funds from deposit account","url":"\/8.9A-332\/","token":"8.9A\/3\/3\/8.9A-332","metadata":false},{"id":378414,"structure_id":53774,"section_number":"8.9A-333","catch_line":"Priority of certain liens arising by operation of law","url":"\/8.9A-333\/","token":"8.9A\/3\/3\/8.9A-333","metadata":false},{"id":378415,"structure_id":53774,"section_number":"8.9A-334","catch_line":"Priority of security interests in fixtures and crops","url":"\/8.9A-334\/","token":"8.9A\/3\/3\/8.9A-334","metadata":false},{"id":378416,"structure_id":53774,"section_number":"8.9A-335","catch_line":"Accessions","url":"\/8.9A-335\/","token":"8.9A\/3\/3\/8.9A-335","metadata":false},{"id":378417,"structure_id":53774,"section_number":"8.9A-336","catch_line":"Commingled goods","url":"\/8.9A-336\/","token":"8.9A\/3\/3\/8.9A-336","metadata":false},{"id":378418,"structure_id":53774,"section_number":"8.9A-337","catch_line":"Priority of security interests in goods covered by certificate of title","url":"\/8.9A-337\/","token":"8.9A\/3\/3\/8.9A-337","metadata":false},{"id":378419,"structure_id":53774,"section_number":"8.9A-338","catch_line":"Priority of security interest or agricultural lien perfected by filed financing statement providing certain incorrect information","url":"\/8.9A-338\/","token":"8.9A\/3\/3\/8.9A-338","metadata":false},{"id":378420,"structure_id":53774,"section_number":"8.9A-339","catch_line":"Priority subject to subordination","url":"\/8.9A-339\/","token":"8.9A\/3\/3\/8.9A-339","metadata":false}],"previous_section":{"id":378397,"structure_id":53774,"section_number":"8.9A-317","catch_line":"Interests that take priority over or take free of security interest or agricultural lien","url":"\/8.9A-317\/","token":"8.9A\/3\/3\/8.9A-317","metadata":false},"next_section":{"id":378399,"structure_id":53774,"section_number":"8.9A-319","catch_line":"Rights and title of consignee with respect to creditors and purchasers","url":"\/8.9A-319\/","token":"8.9A\/3\/3\/8.9A-319","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.9A-318\/","history_text":"

This law was first created in 2000. The record of its establishment is cataloged in chapter 1007<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":1511033,"object_type":"law","relational_id":378398,"identifier":"8.9A-318","token":"8.9A\/3\/3\/8.9A-318","url":"\/8.9A-318\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/8.9A-318\/","token":"8.9A\/3\/3\/8.9A-318","dublin_core":{"Title":"No interest retained in right to payment that is sold; rights and title of seller of account or chattel paper with respect to creditors and purchasers","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.9A-318","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> Seller retains no interest. A debtor that has sold an account, chattel paper, payment intangible, or promissory note does not retain a legal or equitable<\/span> interest in the collateral<\/span> sold. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> Deemed rights of debtor if buyer’s security interest unperfected. For purposes of determining the rights of creditors<\/span> of, and purchasers for value of an account or chattel paper from, a debtor that has sold an account or chattel paper, while the buyer’s security interest is unperfected, the debtor is deemed to have rights and title to the account or chattel paper identical to those the debtor sold. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nNO INTEREST RETAINED IN RIGHT TO PAYMENT THAT IS SOLD; RIGHTS AND TITLE OF\nSELLER OF ACCOUNT OR CHATTEL PAPER WITH RESPECT TO CREDITORS AND PURCHASERS (\u00a7\n8.9A-318)\n\na. Seller retains no interest. A debtor that has sold an account, chattel paper,\npayment intangible, or promissory note does not retain a legal or equitable\ninterest in the collateral sold.\n\nb. Deemed rights of debtor if buyer’s security interest unperfected. For\npurposes of determining the rights of creditors of, and purchasers for value of\nan account or chattel paper from, a debtor that has sold an account or chattel\npaper, while the buyer’s security interest is unperfected, the debtor is\ndeemed to have rights and title to the account or chattel paper identical to\nthose the debtor sold.\n\nHISTORY: 2000, c. 1007.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}