                                 CODE OF VIRGINIA

PERSONS ENTITLED TO FILE A RECORD (§ 8.9A-509)

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 a signed record or pursuant to
   subsection (b) or (c); 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 signing 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 &#xA7; 8.9A-315 (a) (2), 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 &#xA7; 8.9A-315 (a)
(1), a debtor authorizes the filing of an initial financing statement, and an
amendment, covering the collateral and property that becomes collateral under
&#xA7; 8.9A-315 (a) (2).

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 &#xA7; 8.9A-513 (a) or (c), 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).

HISTORY: 2000, c. 1007; 2024, c. 652.