A person may file an initial financing statement or a continuation statement under this part if:
(1) The secured party of record authorizes the filing; and
(2) The filing is necessary under this part:
(A) To continue the effectiveness of a financing statement filed before July 1, 2001; or
(B) To perfect or continue the perfection of a security interest.
(Oct. 26, 2000, D.C. Law 13-201, § 101, 47 DCR 7576.)
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.
Structure District of Columbia Code
Title 28 - Commercial Instruments and Transactions. [Enacted title]
Subtitle I - Uniform Commercial Code
Article 9 - Secured Transactions
§ 28:9–703. Security interest perfected before July 1, 2001
§ 28:9–704. Security interest unperfected before July 1, 2001
§ 28:9–705. Effectiveness of action taken before July 1, 2001
§ 28:9–707. Amendment of pre-effective-date financing statement
§ 28:9–708. Persons entitled to file initial financing statement or continuation statement