111:1-3-20 Organization debtor names.
For purposes of these rules, an "organization debtor name" is any name provided as a debtor name in a UCC record in a format that identifies the name as that of a debtor who is an organization, without regard to the nature or character of the name or to the nature or character of the actual debtor.
(A)Single field.
Organization debtor names are stored in files that include only organization debtor names and not individual debtor names. A single field is used to store an organization debtor name.
(B)Truncation--organization names.
The organization debtor name field in the UCC information management system is fixed in length. The maximum length is 400 characters. Although filers should continue to provide full names on their UCC records, a name that exceeds the fixed length is entered as presented to the filing office, up to the maximum length of the organization debtor name field.
111:1-3-20 2
Replaces: 111-11-33
Effective: 01/25/2016
Five Year Review (FYR) Dates: 01/15/2021
CERTIFIED ELECTRONICALLY
Certification
01/12/2016
Date
Promulgated Under:
119.03
Statutory Authority:
1309.526
Rule Amplifies:
Prior Effective Dates:
1309.519
7/3/01 (Emer.), 9/20/01
Document Information
- Effective Date:
- 1/25/2016
- File Date:
- 2016-01-12
- Last Day in Effect:
- 2016-01-25
- Rule File:
- 111$1-3-20_PH_FF_N_RU_20160112_1146.pdf
- Related Chapter/Rule NO.: (1)
- Ill. Adm. Code 111:1-3-20. [Effective 1/25/2016] Organization debtor names