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

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

2. (2) the filing is necessary under this part:

   1. (A) to continue the effectiveness of a financing statement filed before this act takes effect; or
   2. (B) to perfect or continue the perfection of a security interest.

HISTORY: 2001 Act No. 67, Section 12.