New Jersey § 12a:9-503

Full text of New Jersey New Jersey Statutes § 12a:9-503, with citation guidance and answers to common questions.

§ 12a:9-503.

(a) Sufficiency of debtor's name. A financing statement sufficiently provides the name of the debtor: (1) except as otherwise provided in paragraph (3), 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), 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 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 subparagraph (A) (i), indicates that

the collateral is held in a trust; or (ii) if the name is provided in accordance with subparagraph (A) (ii), 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), if the debtor is an individual to whom this State has

issued a driver's license that has not expired, only if the financing statement provides

the name of the individual which is indicated on the driver's license; (5) if the debtor is an individual to whom paragraph (4) 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 (6) in other cases: (A) if the debtor has a name, only if the financing statement 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) Additional debtor-related information. A financing statement that provides the name of the debtor in accordance with subsection

(a) is not rendered ineffective by the absence of: (1) a trade name or other name of the debtor; or (2) unless required under subsection (a)(6)(B) , names of partners, members, associates, or other persons comprising the debtor. (c) Debtor's trade name insufficient. A financing statement that provides only the debtor's trade name does not sufficiently

provide the name of the debtor. (d) 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. (e) 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. (f) 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 (a)(2). (g) Multiple driver's licenses. If this State has issued to an individual more than one driver's license of a kind

described in subsection (a)(4), the one that was issued most recently is the one to

which subsection (a)(4) refers. (h) Definition. In this section, the “ name of the settlor or testator ” means: (1) if the settlor is a registered organization, the name that is stated 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 (2) in other cases, the name of the settlor or testator indicated in the trust's organic

record.

Frequently Asked Questions About New Jersey § 12a:9-503

What does New Jersey Statutes § 12a:9-503 cover?

Section 12a:9-503 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.

How do I cite New Jersey § 12a:9-503?

A common citation format is "New Jersey Statutes § 12a:9-503" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.

Is this the official text of New Jersey law?

No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.

How does New Jersey § 12a:9-503 apply to my situation?

Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.

Sources & Verification

Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.