Section 7-9A-708 Persons Entitled to File Initial Financing Statement or Continuation Statement.
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/al/title-7-commercial-code/part-7-transition/7-9a-708·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A person may file an initial financing statement or a continuation statement under this part if:
(1)the secured party of record authorizes the filing; and
(2)the filing is necessary under this part:
(A)to continue the effectiveness of a financing statement filed before January 1, 2002; or
(B)to perfect or continue the perfection of a security interest.