25-9-708. 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 July 1, 2001; or
b. To perfect or continue the perfection of a security interest.
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