Sec. 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 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 the revision takes effect; or
(B) to perfect or continue the perfection of a security interest.
Reenacted from Acts 1999, 7th Leg., ch. 414, Sec. 3.07 and amended by Acts 2001, 77th Leg., ch. 705, Sec. 23, eff. June 13, 2001.
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