GroundRules
← Search the law
Kentucky · Snapshot 09/05/2026

KRS 355.9-503: Name of debtor and secured party.

Read at publisher ↗
Where this section sits in the code

    (1) A financing statement sufficiently provides the name of the debtor:

    (a) Except as otherwise provided in paragraph (c) 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

    recordmost recently filed with or issued or enacted by the registered

    organization's jurisdiction of organization which purports t o state, amend, or

    restate the registered organization's name;

    (b) Subject to subsection (6) 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;

    (c) If the collateral is held in a trust that is not a registered organization, only if

    the financing statement:

    1. Provides, as the name of the debtor:

    a. If the organic record of the trust specifies a name for the trust, the

    name so specified; or

    b. If the 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. If the name is provided in accordance with subparagraph 1.a. of

    this paragraph, indicates that the collateral is held in a trust; or

    b. If the name is provided in accordance with s ubparagraph 1.b. 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;

    (d) Subject to subsection (7) of this section, if the debtor is an individual to whom

    this state has issued an operator's license that has not expired, only if the

    financing statement provides the name of the individual whi ch is indicated on

    the operator's license;

    (e) If the debtor is an individual to whom paragraph (d) of this subsection does

    not apply, only if the financing statement provides the individual name of the

    debtor or the surname and first personal name of the debtor; and

    (f) In other cases:

    1. If the debtor has a name, only if the financing statement provides the

    organizational name of the debtor; and

    2. 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.

    (2) A financing statement that provides the name of the deb tor in accordance with

    subsection (1) of this section is not rendered ineffective by the absence of:

    (a) A trade name or other name of the debtor; or

    (b) Unless required under subsection (1)(f)2. of this section, names of partners,

    members, associates, or other persons comprising the debtor.

    (3) A financing statement that provides only the debtor's trade name does not

    sufficiently provide the name of the debtor.

    (4) 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) A financing statement may provide the name of more than one (1) debtor and the

    name of more than one (1) secured party.

    (6) 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)(b) of this

    section.

    (7) If this state has issued to an individual more than one (1) operator's license of a kind

    described in subsection (1)(d) of this section, the one that was issued most recently

    is the one to which subsection (1)(d) of this section refers.

    (8) The "name of the settlor or testator" means:

    (a) If the settlor is a register ed 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

    (b) In other cases, the name of the settlor or testator indicated in the trust's organic

    record.

    Collected 2026-09-05T20:58:48Z. Source file · JSON

    Browse this collection