{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/8.9A-503.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/8.9A-503.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/8.9A-503.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/8.9A-503.html"}],"law_id":81477,"edition_id":1,"section_id":81477,"structure_id":13861,"section_number":"8.9A-503","catch_line":"Name of debtor and secured party","history":"2000, c. 1007; 2009, cc. 217, 610; 2012, c. 155; 2020, cc. 1227, 1246.","full_text":"a\n\nSufficiency of debtor’s name. A financing statement sufficiently provides the name of the debtor:1\n\nexcept 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\n\nsubject 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\n\nif the collateral is held in a trust that is not a registered organization, only if the financing statement:A\n\nprovides, as the name of the debtor:i\n\nif the organic record of the trust specifies a name for the trust, the name specified; orii\n\nif the organic record of the trust does not specify a name for the trust, the name of the settlor or testator; andB\n\nin a separate part of the financing statement:i\n\nif the name is provided in accordance with subparagraph (A)(i), indicates that the collateral is held in trust; orii\n\nif 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\n\nsubject to subsection (g), if the debtor is an individual to whom the Commonwealth has issued a driver’s license or other document under Chapter 3 (§ 46.2-300 et seq.) of Title 46.2 that has not expired, only if it provides the name of the individual which is indicated on the driver’s license or other document;5\n\nif the debtor is an individual to whom paragraph (4) does not apply, only if it provides the individual name of the debtor or the surname and first personal name of the debtor; and6\n\nin other cases:A\n\nif the debtor has a name, only if it provides the organizational name of the debtor; andB\n\nif 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\n\nAdditional 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\n\na trade name or other name of the debtor; or2\n\nunless required under subsection (a)(6)(B), names of partners, members, associates, or other persons comprising the debtor.c\n\nDebtor’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\n\nRepresentative 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\n\nMultiple 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\n\nName 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\n\nMultiple driver’s licenses. If the Commonwealth has issued to an individual more than one driver’s license or other document 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\n\nDefinition. In this section, the “name of the settlor or testator” means:1\n\nif the settlor is a registered organization, the name of the registered organization indicated on the public organic record filed with or issued or enacted by the registered organization’s jurisdiction of organization; or2\n\nin other cases, the name of the settlor or testator indicated in the trust’s organic record.","order_by":null,"text":{"0":{"id":291906,"text":"Sufficiency of debtor’s name. A financing statement sufficiently provides the name of the debtor:","type":"section","prefixes":["a"],"prefix":"a","entire_prefix":"a","prefix_anchor":"a","level":1,"next_prefix":"a1"},"1":{"id":291907,"text":"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;","type":"section","prefixes":["a","1"],"prefix":"1","entire_prefix":"a1","prefix_anchor":"a1","level":2,"prior_prefix":"a","next_prefix":"a2"},"2":{"id":291908,"text":"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;","type":"section","prefixes":["a","2"],"prefix":"2","entire_prefix":"a2","prefix_anchor":"a2","level":2,"prior_prefix":"a1","next_prefix":"a3"},"3":{"id":291909,"text":"if the collateral is held in a trust that is not a registered organization, only if the financing statement:","type":"section","prefixes":["a","3"],"prefix":"3","entire_prefix":"a3","prefix_anchor":"a3","level":2,"prior_prefix":"a2","next_prefix":"A"},"4":{"id":291910,"text":"provides, as the name of the debtor:","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"prior_prefix":"a3","next_prefix":"i"},"5":{"id":291911,"text":"if the organic record of the trust specifies a name for the trust, the name specified; or","type":"section","prefixes":["i"],"prefix":"i","entire_prefix":"i","prefix_anchor":"i","level":1,"prior_prefix":"A","next_prefix":"iii"},"6":{"id":291912,"text":"if the organic record of the trust does not specify a name for the trust, the name of the settlor or testator; and","type":"section","prefixes":["i","ii"],"prefix":"ii","entire_prefix":"iii","prefix_anchor":"iii","level":2,"prior_prefix":"i","next_prefix":"B"},"7":{"id":291913,"text":"in a separate part of the financing statement:","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"iii","next_prefix":"i"},"8":{"id":291914,"text":"if the name is provided in accordance with subparagraph (A)(i), indicates that the collateral is held in trust; or","type":"section","prefixes":["i"],"prefix":"i","entire_prefix":"i","prefix_anchor":"i","level":1,"prior_prefix":"B","next_prefix":"iii"},"9":{"id":291915,"text":"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;","type":"section","prefixes":["i","ii"],"prefix":"ii","entire_prefix":"iii","prefix_anchor":"iii","level":2,"prior_prefix":"i","next_prefix":"i4"},"10":{"id":291916,"text":"subject to subsection (g), if the debtor is an individual to whom the Commonwealth has issued a driver’s license or other document under Chapter 3 (§ 46.2-300 et seq.) of Title 46.2 that has not expired, only if it provides the name of the individual which is indicated on the driver’s license or other document;","type":"section","prefixes":["i","4"],"prefix":"4","entire_prefix":"i4","prefix_anchor":"i4","level":2,"prior_prefix":"iii","next_prefix":"i5"},"11":{"id":291917,"text":"if the debtor is an individual to whom paragraph (4) does not apply, only if it provides the individual name of the debtor or the surname and first personal name of the debtor; and","type":"section","prefixes":["i","5"],"prefix":"5","entire_prefix":"i5","prefix_anchor":"i5","level":2,"prior_prefix":"i4","next_prefix":"i6"},"12":{"id":291918,"text":"in other cases:","type":"section","prefixes":["i","6"],"prefix":"6","entire_prefix":"i6","prefix_anchor":"i6","level":2,"prior_prefix":"i5","next_prefix":"A"},"13":{"id":291919,"text":"if the debtor has a name, only if it provides the organizational name of the debtor; and","type":"section","prefixes":["A"],"prefix":"A","entire_prefix":"A","prefix_anchor":"A","level":1,"prior_prefix":"i6","next_prefix":"B"},"14":{"id":291920,"text":"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.","type":"section","prefixes":["B"],"prefix":"B","entire_prefix":"B","prefix_anchor":"B","level":1,"prior_prefix":"A","next_prefix":"b"},"15":{"id":291921,"text":"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:","type":"section","prefixes":["b"],"prefix":"b","entire_prefix":"b","prefix_anchor":"b","level":1,"prior_prefix":"B","next_prefix":"b1"},"16":{"id":291922,"text":"a trade name or other name of the debtor; or","type":"section","prefixes":["b","1"],"prefix":"1","entire_prefix":"b1","prefix_anchor":"b1","level":2,"prior_prefix":"b","next_prefix":"b2"},"17":{"id":291923,"text":"unless required under subsection (a)(6)(B), names of partners, members, associates, or other persons comprising the debtor.","type":"section","prefixes":["b","2"],"prefix":"2","entire_prefix":"b2","prefix_anchor":"b2","level":2,"prior_prefix":"b1","next_prefix":"c"},"18":{"id":291924,"text":"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.","type":"section","prefixes":["c"],"prefix":"c","entire_prefix":"c","prefix_anchor":"c","level":1,"prior_prefix":"b2","next_prefix":"d"},"19":{"id":291925,"text":"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.","type":"section","prefixes":["d"],"prefix":"d","entire_prefix":"d","prefix_anchor":"d","level":1,"prior_prefix":"c","next_prefix":"e"},"20":{"id":291926,"text":"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.","type":"section","prefixes":["e"],"prefix":"e","entire_prefix":"e","prefix_anchor":"e","level":1,"prior_prefix":"d","next_prefix":"f"},"21":{"id":291927,"text":"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).","type":"section","prefixes":["f"],"prefix":"f","entire_prefix":"f","prefix_anchor":"f","level":1,"prior_prefix":"e","next_prefix":"g"},"22":{"id":291928,"text":"Multiple driver’s licenses. If the Commonwealth has issued to an individual more than one driver’s license or other document of a kind described in subsection (a)(4), the one that was issued most recently is the one to which subsection (a)(4) refers.","type":"section","prefixes":["g"],"prefix":"g","entire_prefix":"g","prefix_anchor":"g","level":1,"prior_prefix":"f","next_prefix":"h"},"23":{"id":291929,"text":"Definition. In this section, the “name of the settlor or testator” means:","type":"section","prefixes":["h"],"prefix":"h","entire_prefix":"h","prefix_anchor":"h","level":1,"prior_prefix":"g","next_prefix":"h1"},"24":{"id":291930,"text":"if the settlor is a registered organization, the name of the registered organization indicated on the public organic record filed with or issued or enacted by the registered organization’s jurisdiction of organization; or","type":"section","prefixes":["h","1"],"prefix":"1","entire_prefix":"h1","prefix_anchor":"h1","level":2,"prior_prefix":"h","next_prefix":"h2"},"25":{"id":291931,"text":"in other cases, the name of the settlor or testator indicated in the trust’s organic record.","type":"section","prefixes":["h","2"],"prefix":"2","entire_prefix":"h2","prefix_anchor":"h2","level":2,"prior_prefix":"h1"}},"ancestry":[{"id":13861,"edition_id":1,"name":"Filing Office, Contents and Effectiveness of Financing Statement","identifier":"1","label":"subpart","depth":3,"order_by":1,"parent_id":13860,"metadata":{},"date_created":"2026-06-26 03:46:06","date_modified":"2026-06-26 03:46:06","permalink":{"id":284177,"object_type":"structure","relational_id":13861,"identifier":"1","token":"8.9A\/5\/1","url":"\/8.9A\/5\/1\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13860,"edition_id":1,"name":"Filing","identifier":"5","label":"part","depth":2,"order_by":1,"parent_id":13277,"metadata":{},"date_created":"2026-06-26 03:46:06","date_modified":"2026-06-26 03:46:06","permalink":{"id":284175,"object_type":"structure","relational_id":13860,"identifier":"5","token":"8.9A\/5","url":"\/8.9A\/5\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13277,"edition_id":1,"name":"Commercial Code \u2014 Secured Transactions","identifier":"8.9A","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:44:33","date_modified":"2026-06-26 03:44:33","permalink":{"id":283833,"object_type":"structure","relational_id":13277,"identifier":"8.9A","token":"8.9A","url":"\/8.9A\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":72400,"structure_id":13861,"section_number":"8.9A-501","catch_line":"Filing office","url":"\/8.9A-501\/","token":"8.9A\/5\/1\/8.9A-501","metadata":false},{"id":70542,"structure_id":13861,"section_number":"8.9A-502","catch_line":"Contents of financing statement; record of mortgage as financing statement; time of filing financing statement","url":"\/8.9A-502\/","token":"8.9A\/5\/1\/8.9A-502","metadata":false},{"id":81477,"structure_id":13861,"section_number":"8.9A-503","catch_line":"Name of debtor and secured party","url":"\/8.9A-503\/","token":"8.9A\/5\/1\/8.9A-503","metadata":false},{"id":54883,"structure_id":13861,"section_number":"8.9A-504","catch_line":"Indication of collateral","url":"\/8.9A-504\/","token":"8.9A\/5\/1\/8.9A-504","metadata":false},{"id":56694,"structure_id":13861,"section_number":"8.9A-505","catch_line":"Filing and compliance with other statutes and treaties for consignments, leases, other bailments, and other transactions","url":"\/8.9A-505\/","token":"8.9A\/5\/1\/8.9A-505","metadata":false},{"id":61527,"structure_id":13861,"section_number":"8.9A-506","catch_line":"Effect of errors or omissions","url":"\/8.9A-506\/","token":"8.9A\/5\/1\/8.9A-506","metadata":false},{"id":65503,"structure_id":13861,"section_number":"8.9A-507","catch_line":"Effect of certain events on effectiveness of financing statement","url":"\/8.9A-507\/","token":"8.9A\/5\/1\/8.9A-507","metadata":false},{"id":83849,"structure_id":13861,"section_number":"8.9A-508","catch_line":"Effectiveness of financing statement if new debtor becomes bound by security agreement","url":"\/8.9A-508\/","token":"8.9A\/5\/1\/8.9A-508","metadata":false},{"id":86245,"structure_id":13861,"section_number":"8.9A-509","catch_line":"Persons entitled to file a record","url":"\/8.9A-509\/","token":"8.9A\/5\/1\/8.9A-509","metadata":false},{"id":84909,"structure_id":13861,"section_number":"8.9A-510","catch_line":"Effectiveness of filed record","url":"\/8.9A-510\/","token":"8.9A\/5\/1\/8.9A-510","metadata":false},{"id":77842,"structure_id":13861,"section_number":"8.9A-511","catch_line":"Secured party of record","url":"\/8.9A-511\/","token":"8.9A\/5\/1\/8.9A-511","metadata":false},{"id":87008,"structure_id":13861,"section_number":"8.9A-512","catch_line":"Amendment of financing statement","url":"\/8.9A-512\/","token":"8.9A\/5\/1\/8.9A-512","metadata":false},{"id":65185,"structure_id":13861,"section_number":"8.9A-513","catch_line":"Termination statement","url":"\/8.9A-513\/","token":"8.9A\/5\/1\/8.9A-513","metadata":false},{"id":59675,"structure_id":13861,"section_number":"8.9A-514","catch_line":"Assignment of powers of secured party of record","url":"\/8.9A-514\/","token":"8.9A\/5\/1\/8.9A-514","metadata":false},{"id":70878,"structure_id":13861,"section_number":"8.9A-515","catch_line":"Duration and effectiveness of financing statement; effect of lapsed financing statement","url":"\/8.9A-515\/","token":"8.9A\/5\/1\/8.9A-515","metadata":false},{"id":85389,"structure_id":13861,"section_number":"8.9A-516","catch_line":"What constitutes filing; effectiveness of filing","url":"\/8.9A-516\/","token":"8.9A\/5\/1\/8.9A-516","metadata":false},{"id":61963,"structure_id":13861,"section_number":"8.9A-517","catch_line":"Effect of indexing errors","url":"\/8.9A-517\/","token":"8.9A\/5\/1\/8.9A-517","metadata":false},{"id":64795,"structure_id":13861,"section_number":"8.9A-518","catch_line":"Claim concerning inaccurate or wrongfully filed record","url":"\/8.9A-518\/","token":"8.9A\/5\/1\/8.9A-518","metadata":false}],"previous_section":{"id":70542,"structure_id":13861,"section_number":"8.9A-502","catch_line":"Contents of financing statement; record of mortgage as financing statement; time of filing financing statement","url":"\/8.9A-502\/","token":"8.9A\/5\/1\/8.9A-502","metadata":false},"next_section":{"id":54883,"structure_id":13861,"section_number":"8.9A-504","catch_line":"Indication of collateral","url":"\/8.9A-504\/","token":"8.9A\/5\/1\/8.9A-504","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.9A-503\/","history_text":"

This law was first created in 2000. The record of its establishment is cataloged in chapter 1007<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. It has been modified 3 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2009, chapters 217<\/a> and 610<\/a>; in 2012, chapter 155<\/a>; in 2020, chapters 1227<\/a> and 1246<\/a>.<\/p>","references":[{"id":70542,"section_number":"8.9A-502","catch_line":"Contents of financing statement; record of mortgage as financing statement; time of filing financing statement","order_by":null,"url":"\/8.9A-502\/"},{"id":61527,"section_number":"8.9A-506","catch_line":"Effect of errors or omissions","order_by":null,"url":"\/8.9A-506\/"},{"id":65503,"section_number":"8.9A-507","catch_line":"Effect of certain events on effectiveness of financing statement","order_by":null,"url":"\/8.9A-507\/"},{"id":67737,"section_number":"8.9A-805","catch_line":"Effectiveness of action taken before July 1, 2013","order_by":null,"url":"\/8.9A-805\/"}],"refers_to":[{"id":61610,"section_number":"46.2-300","catch_line":"Driving without license prohibited; penalties","order_by":null,"url":"\/46.2-300\/"}],"permalink":{"id":284187,"object_type":"law","relational_id":81477,"identifier":"8.9A-503","token":"8.9A\/5\/1\/8.9A-503","url":"\/8.9A-503\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/8.9A-503\/","token":"8.9A\/5\/1\/8.9A-503","dublin_core":{"Title":"Name of debtor and secured party","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.9A-503","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

a.<\/span> Sufficiency of debtor’s name. A financing statement sufficiently provides the name of the debtor: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> except as otherwise provided in paragraph (3), if the debtor is a registered organization or the collateral<\/span> 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<\/span> of organization which purports to state, amend<\/span>, or restate the registered organization’s name; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> subject to subsection (f), if the collateral<\/span> 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<\/span> is being administered by a personal representative; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

3.<\/span> if the collateral<\/span> is held in a trust that is not a registered organization, only if the financing statement: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

A.<\/span> provides, as the name of the debtor: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

i.<\/span> if the organic record of the trust specifies a name for the trust, the name specified; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

ii.<\/span> if the organic record of the trust does not specify a name for the trust, the name of the settlor or testator; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> in a separate part of the financing statement: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

i.<\/span> if the name is provided in accordance with subparagraph (A)(i), indicates that the collateral<\/span> is held in trust; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

ii.<\/span> 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<\/span> is held in a trust, unless the additional information so indicates; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

4.<\/span> subject to subsection (g), if the debtor is an individual to whom the Commonwealth has issued a driver’s license or other document under Chapter 3 (§ 46.2-300<\/a> et seq.) of Title 46.2 that has not expired, only if it provides the name of the individual which is indicated on the driver’s license or other document; <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

5.<\/span> if the debtor is an individual to whom paragraph (4) does not apply, only if it provides the individual name of the debtor or the surname and first personal name of the debtor; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

6.<\/span> in other cases: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

A.<\/span> if the debtor has a name, only if it provides the organizational name of the debtor; and <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

B.<\/span> 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. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

b.<\/span> 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: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> a trade name or other name of the debtor; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> unless required under subsection (a)(6)(B), names of partners, members, associates, or other persons comprising the debtor. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

c.<\/span> 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. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

d.<\/span> Representative capacity. Failure to indicate the representative capacity of a secured party<\/span> or representative of a secured party<\/span> does not affect the sufficiency of a financing statement. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

e.<\/span> 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<\/span>. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

f.<\/span> Name of decedent. The name of the decedent indicated on the order<\/span> appointing the personal representative of the decedent issued by the court<\/span> having jurisdiction<\/span> over the collateral<\/span> is sufficient as the “name of the decedent” under subsection (a)(2). <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

g.<\/span> Multiple driver’s licenses. If the Commonwealth has issued to an individual more than one driver’s license or other document of a kind described in subsection (a)(4), the one that was issued most recently is the one to which subsection (a)(4) refers. <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

h.<\/span> Definition. In this section, the “name of the settlor or testator” means: <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

1.<\/span> if the settlor is a registered organization, the name of the registered organization indicated on the public organic record filed with or issued or enacted by the registered organization’s jurisdiction<\/span> of organization; or <\/i><\/a><\/p><\/section>\n\t\t\t\t\t\t

2.<\/span> in other cases, the name of the settlor or testator indicated in the trust’s organic record. <\/i><\/a><\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nNAME OF DEBTOR AND SECURED PARTY (\u00a7 8.9A-503)\n\na. Sufficiency of debtor’s name. A financing statement sufficiently\nprovides the name of the debtor:\n\n 1. except as otherwise provided in paragraph (3), if the debtor is a\n registered organization or the collateral is held in a trust that is a\n registered organization, only if the financing statement provides the name\n that is stated to be the registered organization’s name on the public\n organic record most recently filed with or issued or enacted by the registered\n organization’s jurisdiction of organization which purports to state,\n amend, or restate the registered organization’s name;\n\n 2. subject to subsection (f), if the collateral is being administered by the\n personal representative of a decedent, only if the financing statement\n provides, as the name of the debtor, the name of the decedent and, in a\n separate part of the financing statement, indicates that the collateral is\n being administered by a personal representative;\n\n 3. if the collateral is held in a trust that is not a registered organization,\n only if the financing statement:\n\nA. provides, as the name of the debtor:\n\ni. if the organic record of the trust specifies a name for the trust, the name\nspecified; or\n\n ii. if the organic record of the trust does not specify a name for the trust,\n the name of the settlor or testator; and\n\nB. in a separate part of the financing statement:\n\ni. if the name is provided in accordance with subparagraph (A)(i), indicates\nthat the collateral is held in trust; or\n\n ii. if the name is provided in accordance with subparagraph (A)(ii), provides\n additional information sufficient to distinguish the trust from other trusts\n having one or more of the same settlors or the same testator and indicates\n that the collateral is held in a trust, unless the additional information so\n indicates;\n\n 4. subject to subsection (g), if the debtor is an individual to whom the\n Commonwealth has issued a driver’s license or other document under\n Chapter 3 (§ 46.2-300 et seq.) of Title 46.2 that has not expired, only\n if it provides the name of the individual which is indicated on the\n driver’s license or other document;\n\n 5. if the debtor is an individual to whom paragraph (4) does not apply, only\n if it provides the individual name of the debtor or the surname and first\n personal name of the debtor; and\n\n 6. in other cases:\n\nA. if the debtor has a name, only if it provides the organizational name of the\ndebtor; and\n\nB. if the debtor does not have a name, only if it provides the names of the\npartners, members, associates, or other persons comprising the debtor, in a\nmanner that each name provided would be sufficient if the person named were the\ndebtor.\n\nb. Additional debtor-related information. A financing statement that provides\nthe name of the debtor in accordance with subsection (a) is not rendered\nineffective by the absence of:\n\n 1. a trade name or other name of the debtor; or\n\n 2. unless required under subsection (a)(6)(B), names of partners, members,\n associates, or other persons comprising the debtor.\n\nc. Debtor’s trade name insufficient. A financing statement that provides\nonly the debtor’s trade name does not sufficiently provide the name of the\ndebtor.\n\nd. Representative capacity. Failure to indicate the representative capacity of\na secured party or representative of a secured party does not affect the\nsufficiency of a financing statement.\n\ne. Multiple debtors and secured parties. A financing statement may provide the\nname of more than one debtor and the name of more than one secured party.\n\nf. Name of decedent. The name of the decedent indicated on the order appointing\nthe personal representative of the decedent issued by the court having\njurisdiction over the collateral is sufficient as the “name of the\ndecedent” under subsection (a)(2).\n\ng. Multiple driver’s licenses. If the Commonwealth has issued to an\nindividual more than one driver’s license or other document of a kind\ndescribed in subsection (a)(4), the one that was issued most recently is the one\nto which subsection (a)(4) refers.\n\nh. Definition. In this section, the “name of the settlor or\ntestator” means:\n\n 1. if the settlor is a registered organization, the name of the registered\n organization indicated on the public organic record filed with or issued or\n enacted by the registered organization’s jurisdiction of organization;\n or\n\n 2. in other cases, the name of the settlor or testator indicated in the\n trust’s organic record.\n\nHISTORY: 2000, c. 1007; 2009, cc. 217, 610; 2012, c. 155; 2020, cc. 1227, 1246.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}