Sec. 807. A person may file an initial financing statement or a continuation statement under this chapter if:

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

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(2) the filing is necessary under this chapter:

(A) to continue the effectiveness of a financing statement filed before the amendments to this chapter made by P.L.54-2011 take effect (July 1, 2013); or

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

As added by P.L.54-2011, SEC.26. Amended by P.L.6-2012, SEC.184.