New Mexico Administrative Code
Title 12 - TRADE, COMMERCE AND BANKING
Chapter 6 - BUSINESS PRACTICES - UNIFORM COMMERCIAL CODE
Part 2 - FILING PROVISIONS
Section 12.6.2.132 - COLLATERAL HELD IN A TRUST

Universal Citation: 12 NM Admin Code 12.6.2.132
Current through Register Vol. 35, No. 18, September 24, 2024

The debtor name to be provided when the collateral is held in a trust that is not a registered organization is the name of the trust as set forth in its organic record(s), if the trust has such a name or, if the trust is not so named, the name of the trust's settl or. In order for the information management system to function in accordance with the usual expectations of filers and searchers, the name of a trust or of a settl or that is an organization should be provided as an organization debtor name, in each case without regard to the nature or character of the debtor. Notwithstanding the foregoing, the filing office will enter data submitted by a filer in the fields designated by the filer exactly as it appears in such fields.

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