Virginia Administrative Code › Title 5 - CORPORATIONS › Agency 5 - STATE CORPORATION COMMISSION, CLERK'S OFFICE › Chapter 30 - UNIFORM COMMERCIAL CODE FILING RULES › Part I - General Provisions › Section 5VAC5-30-20 - Definitions

Current through Register Vol. 40, No. 24, July 15, 2024
The following words and terms when used in this chapter
					 shall have the following meanings unless the context clearly indicates
					 otherwise:
"Amendment" means a UCC record that amends the information
					 contained in a financing statement. Amendments also include (i) assignments and
					 (ii) continuation and termination statements.
"Assignment" means an amendment that assigns all or a part
					 of a secured party's power to authorize an amendment to a financing
					 statement.
"Continuation statement" shall have the meaning prescribed
					 by § 8.9A-102A(a)(27) of the Code of Virginia.
"File number" shall have the meaning prescribed by §
					 8.9A-102A(a)(36) of the Code of Virginia.
"Filing office" means the Clerk's Office of the State
					 Corporation Commission.
"Filing officer" means the Clerk of the State Corporation
					 Commission.
"Filing officer statement" means a statement entered into
					 the UCC information management system to explain an action by the filing
					 office.
"Financing statement" shall have the meaning prescribed by
					 § 8.9A-102A(a)(39) of the Code of Virginia.
"Individual" means a natural person, living or
					 deceased.
"Information statement" means a UCC record that indicates a
					 financing statement is inaccurate or wrongfully filed.
"Initial financing statement" means a UCC record containing
					 the information required to be in an initial financing statement and that
					 causes the filing office to establish the initial record of existence of a
					 financing statement.
"Organization" means a legal person that is not an
					 individual.
"Personal identifiable information" shall have the meaning
					 prescribed by §
										12.1-19B of the
					 Code of Virginia.
"Remitter" means a person who delivers a UCC record to the
					 filing office for filing, whether the person is a filer or an agent of a filer
					 responsible for delivering the UCC record for filing. "Remitter" does not
					 include a person responsible merely for the delivery of the UCC record to the
					 filing office, such as the postal service or a courier service but does include
					 a service provider who acts as a filer's representative in the filing
					 process.
"Secured party of record" shall have the meaning prescribed
					 by § 8.9-511A of the Code of Virginia.
"Termination statement" shall have the meaning prescribed
					 by § 8.9A-102A(a)(80) of the Code of Virginia.
"Through date" means the most recent date that all
					 submissions for a specified day have been indexed in the UCC information
					 management system.
"UCC" means the Uniform Commercial Code - Secured
					 Transactions (§ 8.9-101A et seq. of the Code of Virginia).
"UCC information management system" means the information
					 management system used by the filing office to store, index, and retrieve
					 information relating to financing statements.
"UCC record" means an initial financing statement, an
					 amendment, and an information or a filing officer statement, and shall not be
					 deemed to refer exclusively to paper or paper-based writings.
Statutory Authority: §§ 8.9-526A and
						12.1-13 of the Code of
						Virginia.