Section 440.408. Data entry of names; no designated fields.

(1) If an initial financing statement or an amendment that adds a debtor to a financing statement fails to specify whether   the    debtor    is an individual or an

organization and is accepted for filing in   error,      then all of the following provisions apply:

(a)   When not set forth in a field designated for individual names, a name is treated as an organization name if it contains words  or    abbreviations that indicate  status  such as any of the following and similar words

or abbreviations in foreign languages:

(i)   Association.

(ii)   Church.

(iii)   College.

(iv)   Company.

(v)   Co.

(vi)   Corp.

(vii)   Corporation.

(viii)   Inc.,

(ix)   Limited.

(x)   Ltd.

(xi)   ) Club.

(xii)   Foundation.

(xiii)   Fund.

(xiv)   L.L.C.

(xv)   Limited liability company.

(xvi)   Institute.

(xvii)   ) Society.

(xviii)   ) Union.

(xix)   Syndicate.

(xx)   GmBH.

(xxi)   i) S.A. de C.V.

(xxii)   Limited partnership.

(xxiii)   L.P.

(xxiv)   Limited liability partnership.

(xxv)   L.L.P.

(xxvi)   i) Trust.

(xxvii)   Business trust.

(xxviii)   i) Co-op.

(xxix)   erative.

(xxx)   Other designations established by statutes to indicate a statutory organization. In  cases   where    organization   or   individual status  is  not designated by the filer and is not clear, the filing officer shall enter the name in the organization field.

(b)    A name is entered as the name of an individual and not the name of an organization when the name is followed by a title substantially similar to one of the following titles or the equivalent of one of  the  following titles in a foreign language:

(i)   Proprietor.

(ii)   Sole proprietor.

(iii)   Proprietorship.

(iv)   Sole proprietorship.

(v)   Partner.

(vi)   General partner.

(vii)   President.

(viii)   Vice president.

(ix)   cretary.

(x)   Treasurer.

(xi)   ) M.D.

(xii)   O.D.

(xiii)   ) D.D.S.

(xiv)   Attorney at law.

(xv)   Esq.

(xvi)   Accountant.

(xvii)   ) CPA.

In such cases, the title is not entered.

(c)    Where it is apparent that the name of an individual and the name of an organization are stated on a single line and  not  in  a  designated individual name field, the name of the  individual  and  the   name  of  the organization shall be  entered as   2  separate  debtors,  1   as   an individual   and  1  as  an  organization.  Additional filing fees  for the additional debtor name  will  be required.

(2) If an initial financing statement or an amendment that adds a debtor to a financing statement fails to designate the last name of an individual debtor and is accepted for filing in error, or if only the last name of an individual debtor is designated in an initial financing statement or an amendment that adds a debtor to a financing statement,   then   all of  the following provisions apply:

(a)   An initial in the first position of the name is treated as a first name.An initial in the second position of the name is treated as a middle name.

(b)  An initial and a name to which the  initial   apparently    corresponds, as indicated by parentheses or similar punctuation, is entered into  1  name field only.

(c)   Two individual names  contained  in  a  single  line  are  entered    as 2 different debtors.

(d)  A 1-word name is entered as a last name.

(e)   A nickname, as   indicated  by  parentheses  or  similar  punctuation, is entered in the name field together with the name preceding the nickname, or if none, then as the first name.

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