12A: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:

   (1)   the secured party of record authorizes the filing; and

   (2)   the filing is necessary under this part:

   (A)   to continue the effectiveness of a financing statement filed before this chapter takes effect; or

   (B)   to perfect or continue the perfection of a security interest.

   L.2001, c.117, s.1; (old 707) amended 2001, c.386, s.124.