400.9-509. Persons entitled to file a record. - Missouri Statutes

Persons entitled to file a record.

400.9-509. (a) A person may file an initial financing statement,amendment that adds collateral covered by a financing statement, oramendment that adds a debtor to a financing statement only if:

(1) The debtor authorizes the filing in an authenticated record orpursuant to subsection (b) or (c); or

(2) The person holds an agricultural lien that has become effectiveat the time of filing and the financing statement covers only collateral inwhich the person holds an agricultural lien.

(b) By authenticating or becoming bound as debtor by a securityagreement, a debtor or new debtor authorizes the filing of an initialfinancing statement, and an amendment, covering:

(1) The collateral described in the security agreement; and

(2) Property that becomes collateral under section 400.9-315(a)(2),whether or not the security agreement expressly covers proceeds.

(c) By acquiring collateral in which a security interest oragricultural lien continues under section 400.9-315(a)(1), a debtorauthorizes the filing of an initial financing statement, and an amendment,covering the collateral and property that becomes collateral under section400.9-315(a)(2).

(d) A person may file an amendment other than an amendment that addscollateral covered by a financing statement or an amendment that adds adebtor 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 financingstatement as to which the secured party of record has failed to file orsend a termination statement as required by section 400.9-513(a) or (c),the debtor authorizes the filing, and the termination statement indicatesthat the debtor authorized it to be filed.

(e) If there is more than one secured party of record for a financingstatement, each secured party of record may authorize the filing of anamendment under subsection (d).

(L. 2001 S.B. 288, A.L. 2002 S.B. 895)