A person may file an initial financing statement or a continuation statement under this subchapter if:
(1) The secured party of record authorizes the filing, and
(2) the filing is necessary under this subchapter:
(A) To continue the effectiveness of a financing statement filed before this act takes effect, or
(B) To perfect or continue the perfection of a security interest.
History —Sept. 19, 1996, No. 241, added as § 9–708 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012.