continuation statement Sec. 708. A person may file an initial financing statement or a continuation statement under IC 26-1-9.1-701 through IC 26-1-9.1-709 if: (1) the secured party of record authorizes the filing; and (2) the filing is necessary under IC 26-1-9.1-701 through IC 26-1-9.1-709: (A) to continue the effectiveness of a financing statement filed before IC 26-1-9.1 takes effect; or (B) to perfect or continue the perfection of a security interest. As added by P.L.57-2000, SEC.45.