Code of Virginia - Title 8.6A Commercial Code - Bulk Transfers - Part

  • 8.6A-101 Short title
    This title shall be known and may be cited as Uniform Commercial Code - Bulk Sales. (1997, c. 121.) ...
  • 8.6A-102 Definitions and index of definitions
    (1) In this title, unless the context otherwise requires: (a) "Assets" means the inventory that is the subject of a bulk sale and any tangible ...
  • 8.6A-103 Applicability of title
    (1) Except as otherwise provided in subsection (3), this title applies to a bulk sale if: (a) The seller's principal business is the sale of ...
  • 8.6A-104 Obligations of buyer
    (1) In a bulk sale as defined in § 8.6A-102(1) (c) (ii) the buyer shall: (a) Obtain from the seller a list of all business ...
  • 8.6A-105 Notice to claimants
    (1) Except as otherwise provided in subsection (2), in order to comply with § 8.6A-104(1) (d) the buyer shall send or deliver a written notice ...
  • 8.6A-106 Schedule of distribution
    (1) The seller and buyer shall agree on how the net contract price is to be distributed and set forth their agreement in a written ...
  • 8.6A-107 Liability for noncompliance
    (1) Except as provided in subsection (3), and subject to the limitation in subsection (4): (a) A buyer who fails to comply with the requirements ...
  • 8.6A-108 Bulk sales by auction; bulk sales conducted by liquidator
    (1) Sections 8.6A-104, 8.6A-105, 8.6A-106, and 8.6A-107 apply to a bulk sale by auction and a bulk sale conducted by a liquidator on the seller's ...
  • 8.6A-109 What constitutes filing; duties of filing officer; information from filing officer
    (1) Presentation of a notice or list of claimants for filing and tender of the filing fee or acceptance of the notice or list by ...
  • 8.6A-110 Limitation of actions
    (1) Except as provided in subsection (2), an action under this title against a buyer, auctioneer, or liquidator must be commenced within one year after ...

Last modified: April 3, 2009