Virginia Code 8.13-102: (Effective July 1, 2025) Definitions
(a) Article A Definitions. In this article:
Terms Used In Virginia Code 8.13-102
- Uniform Commercial Code: A set of statutes enacted by the various states to provide consistency among the states' commercial laws. It includes negotiable instruments, sales, stock transfers, trust and warehouse receipts, and bills of lading. Source: OCC
(1) “Act” means the Uniform Commercial Code Amendments (2022).
(2) “Adjustment date” means the date that is one year after the effective date of this act.
(3) “Title 8.12” means Title 8.12 of the Uniform Commercial Code (§§ 8.12-101 et seq.).
(4) “Title 8.12 property” means a controllable account, controllable electronic record, or controllable payment intangible.
(5) “Effective date of this act” means July 1, 2025.
(b) Definitions in other articles. The following definitions in other articles of the Uniform Commercial Code apply to this article.
“Controllable account”.§ 8.9A-102.
“Controllable electronic record”.§ 8.12-102.
“Controllable payment intangible”.§ 8.9A-102.
“Electronic money”.§ 8.9A-102.
“Financing statement”.§ 8.9A-102.
(c) Title 8.1A definitions and principles. Title 8.1A contains general definitions and principles of construction and interpretation applicable throughout this article.
2024, c. 652.