Section 440.9708 - Persons entitled to file initial financing statement or continuation statement.
UNIFORM COMMERCIAL CODE (EXCERPT)
Act 174 of 1962
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.
History: Add. 2000, Act 348, Eff. July 1, 2001