Sec. 708. A person may file an initial financing statement or a continuation statement under IC 26-1-9.1-701 through IC 26-1-9.1-709 if:

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

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(2) the filing is necessary under IC 26-1-9.1-701 through IC 26-1-9.1-709:

(A) to continue the effectiveness of a financing statement filed before IC 26-1-9.1 takes effect; or

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

As added by P.L.57-2000, SEC.45.