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Can you summarize NVRS 104.9503?
Uniform Commercial CodeOriginal Articles > Name of debtor and secured party provided in financing statement.
Short Summary
This legal document provides guidelines for properly providing the name of the debtor in a financing statement. The document outlines specific requirements based on the type of debtor, such as registered organizations, trusts, natural persons with driver’s licenses, and natural persons without driver’s licenses. It also clarifies that a financing statement may include the names of multiple debtors and secured parties. The document further explains that failure to indicate the representative capacity of a secured party does not affect the sufficiency of a financing statement. Overall, this document aims to ensure accurate identification of debtors in financing statements to maintain legal clarity and transparency.
Whom does it apply to?
Creditors and debtors involved in financing statements
What does it govern?
Providing the name of the debtor in a financing statement
What are exemptions?
No exemptions are mentioned.
What are the Penalties?
No penalties are mentioned.
Jurisdiction
Nevada