Ohio § 1309.503
Full text of Ohio Ohio Revised Code § 1309.503, with citation guidance and answers to common questions.
§ 1309.503.
(A) A financing statement sufficiently provides the name of the debtor: (1) Except as otherwise provided in division (A)(3) of this section, 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 division (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 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 (A)(3)(a)(i) of this section,
indicates that the collateral is held in a trust; or (ii) If the name is provided in accordance with division (A)(3)(a)(ii) of this section,
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 division (G) of this section, if the debtor is an individual to whom this
state has issued a driver's license or identification card that has not expired, only
if the financing statement provides the name of the individual that is indicated on
the driver's license or identification card; (5) If the debtor is an individual to whom division (A)(4) of this section 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) A financing statement that provides the name of the debtor in accordance with division
(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 division (A)(6)(b) 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 division (A)(2) of this section. (G) If this state has issued to an individual more than one driver's license or identification
card of a kind described in division (A)(4) of this section, the one that was issued
most recently is the one to which division (A)(4) of this section refers. (H) As used in this section, “ 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 that 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 Ohio § 1309.503
What does Ohio Revised Code § 1309.503 cover?
Section 1309.503 is part of the Ohio Revised Code, the codified statutory law of Ohio. 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 Ohio § 1309.503?
A common citation format is "Ohio Revised Code § 1309.503" (Ohio). 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 Ohio law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Ohio official source linked on this page or consult a licensed Ohio attorney.
How does Ohio § 1309.503 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Ohio 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 Ohio.