\nA person may file an initial financing statement or a continuation statement under this Part if:\n(1) The secured party of record authorizes the filing; and\n(2) The filing is necessary under this Part:\na. To continue the effectiveness of a financing statement filed before July 1, 2001; or\nb. To perfect or continue the perfection of a security interest. (2000-169, s. 1.)
North Carolina Legal Code