Legislation
SECTION 9-708
Persons Entitled to File Initial Financing Statement or Continuation Statement
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 9, PART 7
Section 9--708. Persons Entitled to File Initial Financing Statement or
Continuation Statement.
A person may file an initial financing statement or a continuation
statement under this part if:
(a) the secured party of record authorizes the filing; and
(b) the filing is necessary under this part:
(1) to continue the effectiveness of a financing statement filed
before Revised Article 9 takes effect; or
(2) to perfect or continue the perfection of a security interest.
Continuation Statement.
A person may file an initial financing statement or a continuation
statement under this part if:
(a) the secured party of record authorizes the filing; and
(b) the filing is necessary under this part:
(1) to continue the effectiveness of a financing statement filed
before Revised Article 9 takes effect; or
(2) to perfect or continue the perfection of a security interest.