A person may file an initial financing statement or a continuation statement under this chapter if both of the following conditions are satisfied:
(1) The secured party of record authorizes the filing.
(2) The filing is necessary under this chapter to do either of the following:
(A) To continue the effectiveness of a financing statement filed before July 1, 2001.
(B) To perfect or continue the perfection of a security interest.
(Added by renumbering Section 9707 (as to be added by Stats. 1999, Ch. 991) by Stats. 2000, Ch. 1003, Sec. 50. Effective January 1, 2001. Addition (as Section 9707) and renumbering amendment operative July 1, 2001, by Stats. 1999, Ch. 991, Sec. 75, and Stats. 2000, Ch. 1003, Sec. 56.)
Last modified: October 25, 2018