Idaho Admin. Code r. 34.05.06.303

Current through September 2, 2024
Section 34.05.06.303 - NAMES OF DEBTORS THAT ARE ORGANIZATIONS

This rule applies to the names of organizations which are debtors or secured parties on a UCC document.

01.Single Field. The names of organizations are stored in the same files as the names of individuals. The name of an organization is stored in the last-name field only, and an indicator is marked with "O" to distinguish the name as that of an organization. The filing officer assumes no responsibility for the accurate designation of an organizational name but will accurately enter the data in accordance with the filer's designations.
02.Truncation-Organization Names. The organization name field in the UCC database is fixed in length. The maximum length is two hundred fifty-five (255) characters. Although filers should continue to provide full names on their UCC documents, a name that exceeds the fixed length is entered as presented to the filing officer, up to the maximum length of the data entry field.
03.No Assumed Business Names. An assumed business name, whether or not on file under Chapter 5, Title 53, Idaho Code, is not the legal name of the organization using the assumed business name.

Idaho Admin. Code r. 34.05.06.303

Effective March 25, 2022