Section 9503.  


Latest version.
  • (a) A financing statement sufficiently provides the name of the debtor only if it does so in accordance with the following rules:

    (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 satisfies both of the following conditions:

    (A) It 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.

    (B) It 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.

    (4) In other cases, according to the following rules:

    (A) If the debtor has a name, only if it provides the individual or organizational name of the debtor.

    (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) A financing statement that provides the name of the debtor in accordance with subdivision (a) is not rendered ineffective by the absence of either of the following:

    (1) A trade name or other name of the debtor.

    (2) Unless required under subparagraph (B) of paragraph (4) of subdivision (a), names of partners, members, associates, or other persons comprising the debtor.

    (c) A financing statement that provides only the debtor's trade name does not sufficiently provide the name of the debtor.

    (d) 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) A financing statement may provide the name of more than one debtor and the name of more than one secured party.

(Repealed and added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.)