California Commercial Code

§ 9503

COM § 9503 Effective Jan 1, 2023Div. 9 · Ch. 5

Statute text

(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.

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Legislative history

Amended by Stats. 2022, Ch. 482, Sec. 2. (AB 1766) Effective January 1, 2023.