There Is a Newer Version
of
the Pennsylvania Consolidated Statutes
2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 95 - Filing
Section 9509 - Persons entitled to file a record
§ 9509. Persons entitled to file a record.
(a) Person entitled to file record.--A person may file an
initial financing statement, amendment which adds collateral
covered by a financing statement or amendment which adds a
debtor to a financing statement only if:
(1) the debtor authorizes the filing in an authenticated
record or pursuant to subsection (b) or (c); or
(2) the person holds an agricultural lien which has
become effective at the time of filing and the financing
statement covers only collateral in which the person holds an
agricultural lien.
(b) Security agreement as authorization.--By authenticating
or becoming bound as debtor by a security agreement, a debtor or
new debtor authorizes the filing of an initial financing
statement and an amendment covering:
(1) the collateral described in the security agreement;
and
(2) property which becomes collateral under section
9315(a)(2) (relating to secured party's rights on disposition
of collateral and in proceeds), whether or not the security
agreement expressly covers proceeds.
(c) Acquisition of collateral as authorization.--By
acquiring collateral in which a security interest or
agricultural lien continues under section 9315(a)(1), a debtor
authorizes the filing of an initial financing statement and an
amendment covering the collateral and property which becomes
collateral under section 9315(a)(2).
(d) Person entitled to file certain amendments.--A person
may file an amendment other than an amendment which adds
collateral covered by a financing statement or an amendment
which adds a debtor to a financing statement only if:
(1) the secured party of record authorizes the filing;
or
(2) the amendment is a termination statement for a
financing statement as to which the secured party of record
has failed to file or send a termination statement as
required by section 9513(a) or (c) (relating to termination
statement), the debtor authorizes the filing and the
termination statement indicates that the debtor authorized it
to be filed.
(e) Multiple secured parties of record.--If there is more
than one secured party of record for a financing statement, each
secured party of record may authorize the filing of an amendment
under subsection (d).
Cross References. Section 9509 is referred to in sections
9510, 9512, 9518, 9625 of this title.
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