§ 34.1-9-503 — Name of debtor and secured party

(a) A financing statement sufficiently provides the name
of the debtor:
(i) Except as otherwise provided in paragraph (iii)
of this subsection, 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;
(ii) Subject to subsection (f) of this section, 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;
(iii) If the collateral is held in a trust that is
not a registered organization, only if the financing statement:
(A) Provides as for the debtor:
(I) If the organic record of the trust
specifies a name for the trust, the name specified; or
(II) If the organic record of the trust
does not specify a name for the trust, the name of the settlor
or testator; and
(B) In a separate part of the financing
statement:
(I) If the name is provided in accordance
with subparagraph (A)(I) of this paragraph, indicates that the
collateral is held in trust; or
(II) If the name is provided in accordance
with subparagraph (A)(II) of this paragraph, provides additional
information sufficient to distinguish the trust from other
trusts having one (1) 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; and
(C) 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;
(iv) If the debtor is an individual, only if the
financing statement:
(A) Provides the individual name of the debtor;
(B) Provides the surname and first personal name
of the debtor; or
(C) Subject to subsection (g) of this section,
provides the name of the individual which is indicated on a
driver's license or identification card that this state has
issued to the individual and which has not expired; and
(v) In other cases:
(A) If the debtor has a name, only if the
financing statement provides the organizational name of the
debtor; and
(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 subsection (a) is not rendered
ineffective by the absence of:
(i) A trade name or other name of the debtor; or
(ii) Unless required under subparagraph (a)(v)(B),
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 (1) debtor and the name of more than one (1) 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 (a)(ii) of this
section.
(g) If the state has issued to an individual more than one
(1) driver's license or identification card of a kind described
in subparagraph (a)(iv)(C), the one (1) that was issued most
recently is the one (1) to which subparagraph (a)(iv)(C) refers.
(h) In this section, the "name of the settlor or testator"
means:
(i) If the settlor is a registered organization, the
name of the registered organization indicated on the public
organic record filed with or issued or enacted by the registered
organization's jurisdiction of organization; or
(ii) In other cases, the name of the settlor or
testator indicated in the trust's organic record.