or continuation statement. PERSONS ENTITLED TO FILE INITIAL FINANCING STATEMENT OR CONTINUATION STATEMENT 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 this act takes effect; or (B) to perfect or continue the perfection of a security interest. Added by Laws 2000, c. 371, § 142, eff. July 1, 2001.