(810 ILCS 5/9-708)
    Sec. 9-708. Persons entitled to file initial financing statement or continuation statement. 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 the effective date of this amendatory Act of the 91st General Assembly; or
            (B) to perfect or continue the perfection of a
        
security interest.
(Source: P.A. 91-893, eff. 7-1-01.)