440.9708 Persons entitled to file initial financing statement or continuation statement.

Sec. 9708.

     A person may file an initial financing statement or a continuation statement under this part if both of the following apply:

    (a) The secured party of record authorizes the filing.

    (b) The filing is necessary under this part to do 1 of the following:

    (i) To continue the effectiveness of a financing statement filed before this amendatory act takes effect.

    (ii) To perfect or continue the perfection of a security interest.