Section 440.407. Data entry of names; designated fields.

(1) A financing statement shall designate whether a name is  a name of an individual or an organization and, if an individual, shall also designate the first, middle, and last names 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, middle, and last name and suffix fields exactly as set forth on the financing statement.

History: 2002 MR 21, Eff. Nov. 20, 2002.