Code of Virginia - Title 8.9A Commercial Code - Secured Transactions - Part 4 Rights Of Third Parties

• 8.9A-401 Alienability of debtor's rights
  (a) Other law governs alienability; exceptions. Except as otherwise provided in subsection (b) and §§ 8.9A-406 through 8.9A-409, whether a debtor's rights in collateral may ...
• 8.9A-402 Secured party not obligated on contract of debtor or in tort
  The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not subject ...
• 8.9A-403 Agreement not to assert defenses against assignee
  (a) "Value." In this section, "value" has the meaning provided in § 8.3A-303 (a). (b) Agreement not to assert claim or defense. Except as otherwise ...
• 8.9A-404 Rights acquired by assignee; claims and defenses against assignee
  (a) Assignee's rights subject to terms, claims, and defenses; exceptions. Unless an account debtor has made an enforceable agreement not to assert defenses or claims, ...
• 8.9A-405 Modification of assigned contract
  (a) Effect of modification on assignee. A modification of or substitution for an assigned contract is effective against an assignee if made in good faith. ...
• 8.9A-406 Discharge of account debtor; notification of assignment; identification and proof of assignment; re...
  (a) Discharge of account debtor; effect of notification. Subject to subsections (b) through (i), an account debtor on an account, chattel paper, or a payment ...
• 8.9A-407 Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's r...
  (a) Term restricting assignment generally ineffective. Except as otherwise provided in subsection (b), a term in a lease agreement is ineffective to the extent that ...
• 8.9A-408 Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain gene...
  (a) Term restricting assignment generally ineffective. Except as otherwise provided in subsection (b), a term in a promissory note or in an agreement between an ...
• 8.9A-409 Restrictions on assignment of letter-of-credit rights ineffective
  (a) Term or law restricting assignment generally ineffective. A term in a letter of credit or a rule of law, statute, regulation, custom, or practice ...

Last modified: April 3, 2009