Title 11, Chapter 9, Section 509
( 11-9-509)
Persons entitled to file a record. (a) Person entitled to file record. 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 Code 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) Security agreement as authorization. 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 paragraph (2) of subsection (a) of Code Section 11-9-315, whether or not the security agreement expressly covers proceeds. (c) Acquisition of collateral as authorization. By acquiring collateral in which a security interest or agricultural lien continues under paragraph (1) of subsection (a) of Code Section 11-9-315, a debtor authorizes the filing of an initial financing statement, and an amendment, covering the collateral and property that becomes collateral under paragraph (2) of subsection (a) of Code Section 11-9-315. (d) Person entitled to file certain amendments. 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 subsection (a) or (c) of Code Section 11-9-513, the debtor authorizes the filing, and the termination statement indicates that the debtor authorized it to be filed. (e) Multiple secured parties of record. If there is more than one
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 Code section. |