2006 Ohio Revised Code - 1309.708. (UCC 9-708) Persons entitled to file initial financing statement or continuation statement.

§ 1309.708. (UCC 9-708) Persons entitled to file initial financing statement or continuation statement.
 

A person may file an initial financing statement or a continuation statement under this section if: 

(A) The secured party of record authorizes the filing; and 

(B) The filing is necessary under this section: 

(1) To continue the effectiveness of a financing statement filed before July 1, 2001; or 

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

HISTORY: 149 v S 74. Eff 7-1-2001.
 

The effective date is set by section 4 of SB 74. 

 

Official Comment

This section permits a secured party to file an initial financing statement or continuation statement necessary under this part to continue the effectiveness of a financing statement filed before this Article takes effect or to perfect or otherwise continue the perfection of a security interest. Because a filing described in this section typically operates to continue the effectiveness of a financing statement whose filing the debtor already has authorized, this section does not require authorization from the debtor.