111:1-3-20 Organization debtor names.  

  • Text Box: ACTION: Final Text Box: DATE: 01/12/2016 11:46 AM

     

     

     

    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