400.9-503. Name of debtor and secured party.
Name of debtor and secured party.
400.9-503. (a) A financing statement sufficiently provides the nameof the debtor:
(1) If the debtor is a registered organization, only if the financingstatement provides the name of the debtor indicated on the public record ofthe debtor's jurisdiction of organization which shows the debtor to havebeen organized;
(2) If the debtor is a decedent's estate, only if the financingstatement provides the name of the decedent and indicates that the debtoris an estate;
(3) If the debtor is a trust or a trustee acting with respect toproperty held in trust, only if the financing statement:
(A) Provides the name specified for the trust in its organicdocuments or, if no name is specified, provides the name of the settlor andadditional information sufficient to distinguish the debtor from othertrusts having one or more of the same settlors; and
(B) Indicates, in the debtor's name or otherwise, that the debtor isa trust or is a trustee acting with respect to property held in trust; and
(4) In other cases:
(A) If the debtor has a name, only if it provides the individual ororganizational name of the debtor; and
(B) If the debtor does not have a name, only if it provides the namesof the partners, members, associates, or other persons comprising thedebtor.
(b) A financing statement that provides the name of the debtor inaccordance with subsection (a) is not rendered ineffective by the absenceof:
(1) A trade name or other name of the debtor; or
(2) Unless required under subsection (a)(4)(B), names of partners,members, associates, or other persons comprising the debtor.
(c) A financing statement that provides only the debtor's trade namedoes not sufficiently provide the name of the debtor.
(d) Failure to indicate the representative capacity of a securedparty or representative of a secured party does not affect the sufficiencyof a financing statement.
(e) A financing statement may provide the name of more than onedebtor and the name of more than one secured party.
(L. 1963 p. 503 § 9-503, A.L. 2001 S.B. 288)Effective 7-01-01