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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-1-9-503: Name of debtor and secured party

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Where this section sits in the code
  1. OK Code
  2. Title 12A

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;

(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.

(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.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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