(F) A FINANCING STATEMENT THAT INCLUDES A FINANCING STATEMENT
FILED BEFORE THIS TITLE TAKES EFFECT AND A CONTINUATION STATEMENT FILED
AFTER THIS TITLE TAKES EFFECT IS EFFECTIVE ONLY TO THE EXTENT THAT IT
SATISFIES THE REQUIREMENTS OF SUBTITLE 5 OF THIS TITLE FOR AN INITIAL
FINANCING STATEMENT.

9-706. WHEN INITIAL FINANCING STATEMENT SUFFICES AS CONTINUATION
STATEMENT.

(A) THE FILING OF AN INITIAL FINANCING STATEMENT IN THE OFFICE
SPECIFIED IN § 9-501 CONTINUES THE EFFECTIVENESS OF A FINANCING STATEMENT
FILED BEFORE THIS TITLE TAKES EFFECT FOR THE PERIOD PROVIDED IN § 9-515
WITH RESPECT TO AN INITIAL FINANCING STATEMENT IF:

(1) THE FILING OF AN INITIAL FINANCING STATEMENT IN THAT OFFICE
WOULD BE EFFECTIVE TO PERFECT A SECURITY INTEREST UNDER THIS TITLE;

(2) THE PRE-EFFECTIVE-DATE FINANCING STATEMENT WAS FILED IN
AN OFFICE IN ANOTHER STATE OR ANOTHER OFFICE IN THIS STATE; AND

(3) THE INITIAL FINANCING STATEMENT SATISFIES SUBSECTION (B).

(B) TO BE EFFECTIVE FOR PURPOSES OF SUBSECTION (A), AN INITIAL
FINANCING STATEMENT MUST:

(1) SATISFY THE REQUIREMENTS OF SUBTITLE 5 OF THIS TITLE FOR AN
INITIAL FINANCING STATEMENT;

(2) IDENTIFY THE PRE-EFFECTIVE-DATE FINANCING STATEMENT BY
INDICATING THE OFFICE IN WHICH THE FINANCING STATEMENT WAS FILED AND
PROVIDING THE DATES OF FILING AND FILE NUMBERS, IF ANY, OF THE FINANCING
STATEMENT AND OF THE MOST RECENT CONTINUATION STATEMENT FILED WITH
RESPECT TO THE FINANCING STATEMENT; AND

(3) INDICATE THAT THE PRE-EFFECTIVE-DATE FINANCING STATEMENT
REMAINS EFFECTIVE.

9-707. 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 SUBTITLE:

(A) TO CONTINUE THE EFFECTIVENESS OF A FINANCING
STATEMENT FILED BEFORE THIS TITLE TAKES EFFECT; OR

(B) TO PERFECT OR CONTINUE THE PERFECTION OF A SECURITY

INTEREST.