Virginia Code Title 10.1. Conservation § 10.1-1324. Office of Small Business Ombudsman created
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An Office of Small Business Ombudsman is hereby created within the Department. The Office shall be headed by an ombudsman appointed by the Executive Director. The Small Business Ombudsman shall provide direct oversight of the small business stationary source technical and environmental compliance assistance program.
If a security interest or agricultural lien is perfected by a filed financing statement providing information described in Section 9-516(b)(5) which is incorrect at the time the financing statement is filed:
(1) the security interest or agricultural lien is subordinate to a conflicting perfected security interest in the collateral to the extent that the holder of the conflicting security interest gives value in reasonable reliance upon the incorrect information; and
(2) a purchaser, other than a secured party, of the collateral takes free of the security interest or agricultural lien to the extent that, in reasonable reliance upon the incorrect information, the purchaser gives value and, in the case of tangible chattel paper, tangible documents, goods, instruments, or a security certificate, receives delivery of the collateral.
Cite this article: FindLaw.com - Virginia Code Title 10.1. Conservation § 10.1-1324. Office of Small Business Ombudsman created - last updated January 01, 2020 | https://codes.findlaw.com/va/title-10-1-conservation/va-code-sect-10-1-1324/
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