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California Commercial Code Section 9503

Legal Research Home > California Laws > Commercial Code > California Commercial Code Section 9503

9503.  (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.



9503.  (a) A financing statement sufficiently provides the name of
the debtor only if it does so in accordance with the following rules:
   (1) Except as otherwise provided in paragraph (3), if the debtor
is a registered organization or the collateral is held in a trust
that is a registered organization, only if the financing statement
provides the name that is stated to be the registered organization's
name on the public organic record most recently filed with or issued
or enacted by the registered organization's jurisdiction of
organization which purports to state, amend, or restate the
registered organization's name.
   (2) Subject to subdivision (f), if the collateral is being
administered by the personal representative of a decedent, only if
the financing statement provides, as the name of the debtor, the name
of the decedent and, in a separate part of the financing statement,
indicates that the collateral is being administered by a personal
representative.
   (3) If the collateral is held in a trust that is not a registered
organization, only if the financing statement satisfies both of the
following conditions:
   (A) Provides, as the name of the debtor, either of the following:
   (i) If the organic record of the trust specifies a name for the
trust, the name specified.
   (ii) If the organic record of the trust does not specify a name
for the trust, the name of the settlor or testator.
   (B) In a separate part of the financing statement, the following
information is provided, as applicable:
   (i) If the name is provided in accordance with clause (i) of
subparagraph (A), the financing statement indicates that the
collateral is held in a trust.
   (ii) If the name is provided in accordance with clause (ii) of
subparagraph (A), the financing statement provides additional
information sufficient to distinguish the trust from other trusts
having one or more of the same settlors or the same testator and
indicates that the collateral is held in a trust, unless the
additional information so indicates.
   (4) [Reserved]
   (5) If the debtor is an individual, only if the financing
statement provides either of the following:
   (A) The individual name of the debtor.
   (B) The surname and first personal name of the debtor.
   (6) In other cases, according to the following rules:
   (A) If the debtor has a name, only if the financing statement
provides the organizational name of the debtor.
   (B) If the debtor does not have a name, only if the financing
statement provides the names of the partners, members, associates, or
other persons comprising the debtor, in a manner that each name
provided would be sufficient if the person named were 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 (6) 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.
   (f) The name of the decedent indicated on the order appointing the
personal representative of the decedent issued by the court having
jurisdiction over the collateral is sufficient as the "name of the
decedent" under paragraph (2) of subdivision (a).
   (g) In this section, the "name of the settlor or testator" means
either of the following:
   (1) If the settlor is a registered organization, the name that is
stated to be the settlor's name on the public organic record most
recently filed with or issued or enacted by the settlor's
jurisdiction of organization which purports to state, amend, or
restate the settlor's name.
   (2) In other cases, the name of the settlor or testator indicated
in the trust's organic record.
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Last modified: March 17, 2014