LD 2245
pg. 310
Page 309 of 493 An Act to Adopt the Model Revised Article 9 Secured Transactions Page 311 of 493
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LR 1087
Item 1

 
(ii)__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

 
(d)__In other cases:

 
(i)__If the debtor has a name, only if it provides the
individual or organizational name of the debtor; and

 
(ii)__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.

 
(2)__A financing statement that provides the name of the
debtor in accordance with subsection (1) 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), paragraph (d),
subparagraph (ii), 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 debtor and the name of more than one secured party.

 
Official Comment

 
1. Source. Subsections (a)(4)(A), (b), and (c) [Maine cite
subsection (1), paragraph (d), subparagraph (i), subsections (2)
and (3)] derive from former Section 9-402(7); otherwise, new.

 
2. Debtor's Name. The requirement that a financing statement
provide the debtor's name is particularly important. Financing
statements are indexed under the name of the debtor, and those
who wish to find financing statements search for them under the
debtor's name. Subsection (a) [Maine cite subsection (1)]
explains what the debtor's name is for purposes of a financing
statement. If the debtor is a "registered organization" (defined
in Section 9-102 [Maine cite section 9-1102] so as to ordinarily
include corporations, limited partnerships, and limited liability
companies), then the debtor's


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