Utah Admin. Code R154-2-305 - Collateral Held in a Trust
(1) The
debtor name to be provided when the collateral is held in a trust that is not a
registered organization is:
(a) the name of
the trust as set forth in its organic records, if the trust has a name;
or
(b) If the trust is not so
named, the name of the trust's settlor or testator.
(2) In order for the UCC information
management system to function in accordance with the usual expectations of
filers and searchers, the name of a trust or the name of a settlor or testator
that is an organization should be provided as an organization debtor name, and
the name of a settlor or testator who is an individual should be provided as an
individual debtor name, in each case without regard to the nature or character
of the debtor.
(3) Notwithstanding
the foregoing, the filing office shall enter data submitted by a filer in the
fields designated by the filer exactly as it appears in those fields.
Notes
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