CA Com Code Section 9708

A person may file an initial financing statement or a continuation statement under this chapter if both of the following conditions are satisfied:

(1)

The secured party of record authorizes the filing.

(2)

The filing is necessary under this chapter to do either of the following:

(A)

To continue the effectiveness of a financing statement filed before July 1, 2001.

(B)

To perfect or continue the perfection of a security interest.