28-9-509. PERSONS ENTITLED TO FILE A RECORD. (a) A person may file an initial financing statement, amendment that adds collateral covered by a financing statement, or amendment that 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) of this section; or
(2) The person holds an agricultural lien that has become effective at the time of filing and the financing statement covers only collateral in which the person holds an agricultural lien.
(b) 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 that becomes collateral under section 28-9-315(a)(2), whether or not the security agreement expressly covers proceeds.
(c) By acquiring collateral in which a security interest or agricultural lien continues under section 28-9-315(a)(1), a debtor authorizes the filing of an initial financing statement, and an amendment, covering the collateral and property that becomes collateral under section 28-9-315(a)(2).
(d) A person may file an amendment other than an amendment that adds collateral covered by a financing statement or an amendment that 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 28-9-513(a) or (c), the debtor authorizes the filing, and the termination statement indicates that the debtor authorized it to be filed.
(e) If there is more than one (1) secured party of record for a financing statement, each secured party of record may authorize the filing of an amendment under subsection (d) of this section.
History:
[28-9-509, added 2001, ch. 208, sec. 2, p. 765.]
Structure Idaho Code
Title 28 - COMMERCIAL TRANSACTIONS
Chapter 9 - SECURED TRANSACTIONS
Section 28-9-501 - FILING OFFICE.
Section 28-9-503 - NAME OF DEBTOR AND SECURED PARTY.
Section 28-9-504 - INDICATION OF COLLATERAL.
Section 28-9-506 - EFFECT OF ERRORS OR OMISSIONS.
Section 28-9-507 - EFFECT OF CERTAIN EVENTS ON EFFECTIVENESS OF FINANCING STATEMENT.
Section 28-9-509 - PERSONS ENTITLED TO FILE A RECORD.
Section 28-9-510 - EFFECTIVENESS OF FILED RECORD.
Section 28-9-511 - SECURED PARTY OF RECORD.
Section 28-9-512 - AMENDMENT OF FINANCING STATEMENT.
Section 28-9-513 - TERMINATION STATEMENT.
Section 28-9-514 - ASSIGNMENT OF POWERS OF SECURED PARTY OF RECORD.
Section 28-9-516 - WHAT CONSTITUTES FILING — EFFECTIVENESS OF FILING.
Section 28-9-516A - FILING OFFICER DUTIES.
Section 28-9-517 - EFFECT OF INDEXING ERRORS.
Section 28-9-518 - CLAIM CONCERNING INACCURATE OR WRONGFULLY FILED RECORD.
Section 28-9-520 - ACCEPTANCE AND REFUSAL TO ACCEPT RECORD.
Section 28-9-521 - UNIFORM FORM OF WRITTEN FINANCING STATEMENT AND AMENDMENT.
Section 28-9-522 - MAINTENANCE AND DESTRUCTION OF RECORDS.