41-09-138. (9-808) Person entitled to file initial financing statement or continuation
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/nd/title-41/chapter-41-09-secured-transactions/41-09-138·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
statement.
A person may file an initial financing statement or a continuation statement under sections 41-09-132 through 41-09-139 if:
1. The secured party of record authorizes the filing; and
2. The filing is necessary under sections 41-09-132 through 41-09-139:
a. To continue the effectiveness of a financing statement filed before this Act takes
effect; or
b. To perfect or continue the perfection of a security interest.