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Session Laws, 1999
Volume 796, Page 2103   View pdf image
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(2) THE GOODS ARE OR ARE TO BECOME FIXTURES RELATED TO THE
REAL PROPERTY DESCRIBED IN THE RECORD OR THE COLLATERAL IS RELATED TO
THE REAL PROPERTY DESCRIBED IN THE RECORD AND IS AS-EXTRACTED
COLLATERAL OR TIMBER TO BE CUT;

(3) THE RECORD COMPLIES WITH THE REQUIREMENTS FOR A
FINANCING STATEMENT IN THIS SECTION OTHER THAN AN INDICATION THAT IT IS
TO BE RECORDED IN THE LAND RECORDS; AND

(4) THE RECORD IS DULY RECORDED.

(D) A FINANCING STATEMENT MAY BE FILED BEFORE A SECURITY
AGREEMENT IS MADE OR A SECURITY INTEREST OTHERWISE ATTACHES.

(E) A FINANCING STATEMENT, OR ADDENDUM FILED WITH A FINANCING
STATEMENT, SHALL STATE WHETHER THE SECURED TRANSACTION TO BE
PERFECTED BY THE FILING IS OR IS NOT SUBJECT TO RECORDATION TAX. IF
RECORDATION TAX IS PAYABLE, THE FINANCING STATEMENT SHALL ALSO DISCLOSE
THE PRINCIPAL AMOUNT OF DEBT INITIALLY INCURRED AND THE COUNTY IN WHICH
THE DEBTOR'S PRINCIPAL PLACE OF BUSINESS IS LOCATED. FAILURE OF A
FINANCING STATEMENT SEPARATELY TO DISCLOSE THE COUNTY OF THE DEBTOR'S
PRINCIPAL PLACE OF BUSINESS SHALL CONSTITUTE A REPRESENTATION THAT THE
FIRST ADDRESS IN THIS STATE CONTAINED IN THE FINANCING STATEMENT IS THE
DEBTOR'S PRINCIPAL PLACE OF BUSINESS.

9-503. NAME OF DEBTOR AND SECURED PARTY.

(A) A FINANCING STATEMENT SUFFICIENTLY PROVIDES THE NAME OF THE
DEBTOR:

(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:

(A) 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; AND

(B) 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; AND

(4) IN OTHER CASES:

 

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Session Laws, 1999
Volume 796, Page 2103   View pdf image
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