Mich. Admin. Code R. 440.407 - Data entry of names; designated fields
Rule 407.
(1) A
financing statement must designate whether a name is a name of an individual or
an organization and, if an individual, must also designate the first personal
name, additional name or names or initial or initials, and surname and any
suffix.
(2) Both of the following
provisions apply to the data entry of names into the UCC information management
system:
(a) Organization names are entered in
the field designated for an organization name exactly as set forth in the
financing statement, even if it appears that multiple names are set forth in
the document or if it appears that the name of an individual has been included
in the field designated for an organization name.
(b) Individual names are entered into the
first personal name, additional name or names or initial or initials, and
surname and suffix fields exactly as set forth on the financing
statement.
Notes
State regulations are updated quarterly; we currently have two versions available. Below is a comparison between our most recent version and the prior quarterly release. More comparison features will be added as we have more versions to compare.
No prior version found.