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

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

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

   1. (A) to continue the effectiveness of a financing statement filed before July 1, 2013; or
   2. (B) to perfect or continue the perfection of a security interest.

Added by Acts 2011, 82nd Leg., R.S., Ch. 67 (S.B. 782), Sec. 18, eff. July 1, 2013.