Title 11, Chapter 9, Section 503
( 11-9-503)
Name of debtor and secured party. (a) Sufficiency of debtor's name. A financing statement
sufficiently provides the name of the debtor: (1) If the debtor is a registered organization, only if the
financing statement provides the name of the debtor indicated on
the public record of the debtor's jurisdiction of organization
which shows the debtor to have been organized; (2) If the debtor is a decedent's estate, only if the financing
statement provides the name of the decedent and indicates that the
debtor is an estate; (3) If the debtor is a trust or a trustee acting with respect to
property held in trust, only if the financing statement: (A) Provides the name specified for the trust in its organic
documents or, if no name is specified, provides the name of the
settlor and additional information sufficient to distinguish the
debtor from other trusts having one or more of the same
settlors; and (B) Indicates, in the debtor's name or otherwise, that the
debtor is a 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
or organizational name of the debtor; and (B) If the debtor does not have a name, only if it provides the
names of the partners, members, associates, or other persons
comprising the debtor. (b) Additional debtor related information. A financing statement
that provides the name of the debtor in accordance with subsection
(a) of this Code section is not rendered ineffective by the absence
of: (1) A trade name or other name of the debtor; or (2) Unless required under subparagraph (a)(4)(B) of this Code
section, names of partners, members, associates, or other persons
comprising the debtor. (c) Debtor's trade name insufficient. A financing statement that
provides only the debtor's trade name does not sufficiently provide
the name of the debtor. (d) Representative capacity. Failure to indicate the representative
capacity of a secured party or representative of a secured party
does not affect the sufficiency of a financing statement. (e) Multiple debtors and secured parties. A financing statement may
provide the name of more than one debtor and the name of more than
one secured party. |