Arizona Laws 47-9807. Person entitled to file initial financing statement or continuation statement

A person may file an initial financing statement or a continuation statement under this article if:

Continuation statement: means an amendment of a financing statement that:
(a) Identifies, by its file number, the initial financing statement to which it relates; and
(b) Indicates that it is a continuation statement for, or that it is filed to continue the effectiveness of, the identified financing statement. See Arizona Laws 47-9102
Financing statement: means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement. See Arizona Laws 47-9102
Person: includes a corporation, company, partnership, firm, association or society, as well as a natural person. See Arizona Laws 1-215
Secured party: means :
(a) A person in whose favor a security interest is created or provided for under a security agreement, whether or not any obligation to be secured is outstanding;
(b) A person that holds an agricultural lien;
(c) A consignor;
(d) A person to which accounts, chattel paper, payment intangibles or promissory notes have been sold;
(e) A trustee, indenture trustee, agent, collateral agent or other representative in whose favor a security interest or agricultural lien is created or provided for; or
(f) A person that holds a security interest arising under section 47-2401, 47-2505, 47-2711, 47-2A508, 47-4210 or 47-5118. See Arizona Laws 47-9102

1. The secured party of record authorizes the filing; and

2. The filing is necessary under this article:

(a) To continue the effectiveness of a financing statement filed before the effective date of this section; or

(b) To perfect or continue the perfection of a security interest.

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