Added by Stats. 2013, Ch. 531, Sec. 23. (AB 502) Effective January 1, 2014. Operative July 1, 2014, by Sec. 28 of Ch. 531.
A person may file an initial financing statement or a continuation statement under this chapter if the following conditions are satisfied:
(a)The secured party of record authorizes the filing.
(b)The filing is necessary under this part to accomplish either of the following:
(1)To continue the effectiveness of a financing statement filed before July 1, 2014.
(2)To perfect or continue the perfection of a security interest.
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