Okla. Stat. tit. 12A, § 12A-1-9-503
This is the official text of Okla. Stat. tit. 12A, § 12A-1-9-503, part of Oklahoma’s Stat. tit. 12A, — part of the compiled statutory law of Oklahoma, published by the state as "Stat. tit. 12A,." Browse the sections below, each linked to its official government source.
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Name of debtor and secured party
Official statutory text
NAME OF DEBTOR AND SECURED PARTY
(a) A financing statement sufficiently provides the name of the
debtor:
(1) except as otherwise provided in paragraph (3) 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;
(2) 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;
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 108
(3) if the collateral is held in a trust that is not a
registered organization, only if the financing statement:
(A) provides, as the name of the debtor:
(i) if the organic record of the trust specifies a
name for the trust, the name so 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
division (i) of subparagraph (A) of this
paragraph, indicates that the collateral is held
in a trust; or
(ii) if the name is provided in accordance with
division (ii) of subparagraph (A) of this
paragraph, 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) subject to subsection (g) of this section, if the debtor is
an individual to whom this state has issued a driver license that
has not expired, only if it provides the name of the individual
which is indicated on the driver license;
(5) if the debtor is an individual to whom paragraph (4) of
this subsection does not apply, only if it provides the individual
name of the debtor or the surname and first personal name of the
debtor; and
(6) in other cases:
(A) if the debtor has a name, only if it provides the
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, 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) of this 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 (B) of paragraph (6) of
subsection (a) of this section, 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.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 109
(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 subsection (a) of this
section.
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 subsection (a) of this
section.
(g) If this state has issued to an individual more than one
driver license or identification card authorized to be issued by the
Department of Public Safety of a kind described in paragraph (4) of
subsection (a) of this section, the one that was issued most
recently is the one to which paragraph (4) of subsection (a) of this
section refers.
(h) The "name of the settlor or testator" means:
(1) 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
(2) in other cases, the name of the settlor or testator
indicated in the trust's organic record.
(a) A financing statement sufficiently provides the name of the
debtor:
(1) except as otherwise provided in paragraph (3) 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;
(2) 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;
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 108
(3) if the collateral is held in a trust that is not a
registered organization, only if the financing statement:
(A) provides, as the name of the debtor:
(i) if the organic record of the trust specifies a
name for the trust, the name so 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
division (i) of subparagraph (A) of this
paragraph, indicates that the collateral is held
in a trust; or
(ii) if the name is provided in accordance with
division (ii) of subparagraph (A) of this
paragraph, 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) subject to subsection (g) of this section, if the debtor is
an individual to whom this state has issued a driver license that
has not expired, only if it provides the name of the individual
which is indicated on the driver license;
(5) if the debtor is an individual to whom paragraph (4) of
this subsection does not apply, only if it provides the individual
name of the debtor or the surname and first personal name of the
debtor; and
(6) in other cases:
(A) if the debtor has a name, only if it provides the
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, 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) of this 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 (B) of paragraph (6) of
subsection (a) of this section, 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.
Oklahoma Statutes - Title 12A. Uniform Commercial Code Page 109
(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 subsection (a) of this
section.
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 subsection (a) of this
section.
(g) If this state has issued to an individual more than one
driver license or identification card authorized to be issued by the
Department of Public Safety of a kind described in paragraph (4) of
subsection (a) of this section, the one that was issued most
recently is the one to which paragraph (4) of subsection (a) of this
section refers.
(h) The "name of the settlor or testator" means:
(1) 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
(2) in other cases, the name of the settlor or testator
indicated in the trust's organic record.
Status: in_force · Read it on the official government site
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