1. Sufficiency of debtor’s name. A financing statement sufficiently provides the name of the debtor: a. except as otherwise provided in paragraph “c”,if the debtor is a registered organization or if the collateral isheld in a trust that isa 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; b. subject to subsection 6, 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; c. ifthe collateralisheld ina trustthat isnota registered organization, onlyif the financing statement: (1) provides as the name of the debtor: (a) ifthe organic record of the trust specifies a name for the trust, the name specified; or (b) ifthe organic record of the trust does not specify a name for the trust, the name of the settlor or testator; and (2) in a separate part of the financing statement: (a) ifthe name is provided in accordance with subparagraph (1), subparagraph division (a),indicates that the collateral is held in a trust; or (b) ifthe name is provided in accordance with subparagraph (1), subparagraph division (b),provides additionalinformation sufficient to distinguish the trust from othertrusts having one or more of the same settlors or the same testator and indicates that the collateral isheld in a trust, unless the additional information so indicates; d. subject to subsection 7, ifthe debtor is an individual to whom this state has issued a driver’s license under chapter 321 that has not expired, only if the financing statement provides the name of the individual which isindicated on the driver’s license; e. ifthe debtor is an individual to whomparagraph “d” does not apply, only ifthe financing statement provides the individual name of the debtor or the surname and firstpersonal name of the debtor; and f. in other cases: (1) ifthe debtor has a name, only ifthe financing statement provides the organizational name of the debtor; and (2) if the debtor does not have a name, only if itprovides 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. 2. Additional debtor-related information. A financing statement that provides the name of the debtor in accordance with subsection 1 isnot rendered ineffective by the absence of: a. a trade name or other name of the debtor; or b. unless required under subsection 1, paragraph “f”, subparagraph (2), names of partners, members, associates, or other persons comprising the debtor. 3. Debtor’s tradename insufficient. A financingstatement that provides only thedebtor’s trade name does not sufficiently provide the name of the debtor. 4. Representative capacity. 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. 5. Multiple debtors and secured parties. A financing statement may provide the name of more than one debtor and the name of more than one secured party. 6. Name of decedent. 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 subsection 1,paragraph “b”. 7. Multiple driver’s licenses. If this state has issued to an individual more than one driver’s license under chapter 321 of a kind described in subsection 1, paragraph “d”, the one that was issued most recently isthe one to which subsection 1, paragraph “d” refers. 8. Definition. In this section, the “name of the settlor or testator” means: a. ifthe settlor is a registered organization, the name that isstated 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; or b. in other cases, the name of the settlor or testator indicated in the trust’s organic record.
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