(a) Consignee has consignor's rights. Except as otherwise provided in subsection (b), for purposes of determining the rights of creditors of, and purchasers for value of goods from, a consignee, while the goods are in the possession of the consignee, the consignee is deemed to have rights and title to the goods identical to those the consignor had or had power to transfer.
(b) Applicability of other law. For purposes of determining the rights of a creditor of a consignee, law other than this title determines the rights and title of a consignee while goods are in the consignee's possession if, under this part, a perfected security interest held by the consignor would have priority over the rights of the creditor.
2000, c. 1007.
Structure Code of Virginia
Title 8.9A - Commercial Code - Secured Transactions
§ 8.9A-317. Interests that take priority over or take free of security interest or agricultural lien
§ 8.9A-319. Rights and title of consignee with respect to creditors and purchasers
§ 8.9A-321. Licensee of general intangible and lessee of goods in ordinary course of business
§ 8.9A-324. Priority of purchase-money security interests
§ 8.9A-325. Priority of security interests in transferred collateral
§ 8.9A-326. Priority of security interests created by new debtor
§ 8.9A-327. Priority of security interests in deposit account
§ 8.9A-328. Priority of security interests in investment property
§ 8.9A-329. Priority of security interests in letter-of-credit right
§ 8.9A-330. Priority of purchaser of chattel paper or instrument
§ 8.9A-332. Transfer of money, transfer of funds from deposit account
§ 8.9A-333. Priority of certain liens arising by operation of law
§ 8.9A-334. Priority of security interests in fixtures and crops
§ 8.9A-337. Priority of security interests in goods covered by certificate of title