HB3734 - Tennessee - Uniform Commercial Code

Companion Bill SB3732. Uniform Commercial Code - Modifies certain provisions concerning filing under the UCC. - Amends TCA Title 47, Chapter 9, Part 5. Fiscal Summary for HB3734 / *SB3732MINIMAL Bill Summary for HB3734 / *SB3732 This bill revises various provisions governing UCC filings, as follows: (1) Under present law, a financing statement must sufficiently provide the name of the debtor. This requirement is considered fulfilled in the case of a registered organization only if the financing statement provides the name of the debtor "indicated on the public record of the debtor's jurisdiction of organization which shows the debtor to have been organized." This bill revises this provision to clarify that the requirement is met if the financing statement provides the name of the debtor "indicated on the debtor's formation documents that [...]

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