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
Structure Michigan Compiled Laws
Chapter 440 - Uniform Commercial Code
Act 174 of 1962 - Uniform Commercial Code (440.1101 - 440.11102)
Article 9 - Secured Transactions (440.9101...440.9994)
174-1962-9-7 - Part 7 Transition (440.9701...440.9709)
Section 440.9701 - “This Amendatory Act” Defined.
Section 440.9702 - Savings Clause.
Section 440.9703 - Security Interest Perfected Before Effective Date.
Section 440.9704 - Security Interest Unperfected Before Effective Date.
Section 440.9705 - Effectiveness of Action Taken Before Effective Date.
Section 440.9707 - Pre-Effective-Date Financing Statement.
Section 440.9708 - Persons Entitled to File Initial Financing Statement or Continuation Statement.