S.D. Admin. R. 5:04:04:16

Current through Register Vol. 51, page 51, October 21, 2024

Section 5:04:04:16 - UCC information management system - Names of debtors that are organizations

The name of an organization as a debtor or a secured party on a UCC record shall be completed as follows:

(1) Single field. The name of each organization is stored in a file that includes only the names of the organization and not the names of any individual. A single field is used to store an organization name; and

(2) Truncation of organization names. The organization name field in the UCC database is fixed in length. The maximum length is 256 characters. Although filers shall continue to provide a full name on the UCC record, 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.

S.D. Admin. R. 5:04:04:16

28 SDR 23, effective 7/18/2001; 42 SDR 177, effective 6/30/2016

General Authority: SDCL 57A-9-526.

Law Implemented: SDCL 57A-9-525.2.