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(a) The record indicates the goods or accounts that it covers;
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(b) The goods are or are to become fixtures related to the real property described
9in the record or the collateral is related to the real property described in the record
10and is as-extracted collateral or timber to be cut;
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(c) The record satisfies the requirements for a financing statement in this
12section other than an indication that it is to be filed in the real property records; and
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(d) The record is duly recorded.
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14(4) Filing before security agreement or attachment. A financing statement
15may be filed before a security agreement is made or a security interest otherwise
16attaches.
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17409.503 Name of debtor and secured party. (1) Sufficiency of debtor's
18name. A financing statement sufficiently provides the name of the debtor:
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(a) If the debtor is a registered organization, only if the financing statement
20provides the name of the debtor indicated on the public record of the debtor's
21jurisdiction of organization which shows the debtor to have been organized;
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(b) If the debtor is a decedent's estate, only if the financing statement provides
23the name of the decedent and indicates that the debtor is an estate;
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(c) If the debtor is a trust or a trustee acting with respect to property held in
25trust, only if the financing statement:
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11. Provides the name specified for the trust in its organic documents or, if no
2name is specified, provides the name of the settlor and additional information
3sufficient to distinguish the debtor from other trusts having one or more of the same
4settlors; and
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2. Indicates, in the debtor's name or otherwise, that the debtor is a trust or is
6a trustee acting with respect to property held in trust; and
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(d) In other cases:
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1. If the debtor has a name, only if it provides the individual or organizational
9name of the debtor; and
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2. If the debtor does not have a name, only if it provides the names of the
11partners, members, associates, or other persons comprising the debtor.
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12(2) Additional debtor-related information. A financing statement that
13provides the name of the debtor in accordance with sub. (1) is not rendered ineffective
14by the absence of:
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(a) A trade name or other name of the debtor; or
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(b) Unless required under sub. (1) (d) 2., names of partners, members,
17associates, or other persons comprising the debtor.
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18(3) Debtor's trade name insufficient. A financing statement that provides
19only the debtor's trade name does not sufficiently provide the name of the debtor.
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20(4) Representative capacity. Failure to indicate the representative capacity
21of a secured party or representative of a secured party does not affect the sufficiency
22of a financing statement.
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23(5) Multiple debtors and secured parties. A financing statement may provide
24the name of more than one debtor and the name of more than one secured party.
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1409.504 Indication of collateral. A financing statement sufficiently
2indicates the collateral that it covers if the financing statement provides:
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3(1) A description of the collateral pursuant to s. 409.108; or
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4(2) An indication that the financing statement covers all assets or all personal
5property.
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6409.505 Filing and compliance with other statutes and treaties for
7consignments, leases, other bailments, and other transactions. (1) Use of
8terms other than debtor and secured party. A consignor, lessor, or other bailor of
9goods, a licensor, or a buyer of a payment intangible or promissory note may file a
10financing statement, or may comply with a statute or treaty described in s. 409.311
11(1), using the terms "consignor", "consignee", "lessor", "lessee", "bailor", "bailee",
12"licensor", "licensee", "owner", "registered owner", "buyer", "seller", or words of
13similar import, instead of the terms "secured party" and "debtor".
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14(2) Effect of financing statement under sub. (1). This subchapter applies to
15the filing of a financing statement under sub. (1) and, as appropriate, to compliance
16that is equivalent to filing a financing statement under s. 409.311 (2), but the filing
17or compliance is not of itself a factor in determining whether the collateral secures
18an obligation. If it is determined for another reason that the collateral secures an
19obligation, a security interest held by the consignor, lessor, bailor, licensor, owner, or
20buyer which attaches to the collateral is perfected by the filing or compliance
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21409.506 Effect of errors or omissions. (1) Minor errors and omissions. 22A financing statement substantially satisfying the requirements of this subchapter
23is effective, even if it has minor errors or omissions, unless the errors or omissions
24make the financing statement seriously misleading.
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1(2) Financing statement seriously misleading. Except as otherwise provided
2in sub. (3), a financing statement that fails sufficiently to provide the name of the
3debtor in accordance with s. 409.503 (1) is seriously misleading.
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4(3) Financing statement not seriously misleading. If a search of the records
5of the filing office under the debtor's correct name, using the filing office's standard
6search logic, if any, would disclose a financing statement that fails sufficiently to
7provide the name of the debtor in accordance with s. 409.503 (1), the name provided
8does not make the financing statement seriously misleading.