A person may file an initial financing statement or a continuation statement under this part if: [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(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 this Article takes effect; or [PL 1999, c. 699, Pt. A, §2 (NEW); PL 1999, c. 699, Pt. A, §4 (AFF).]
(b). To perfect or continue the perfection of a security interest.