R154-2-306. Collateral Held in a Trust

  (1) The debtor name to be provided when the collateral is held in a trust that is not a registered organization is:

  (a) the name of the trust as set forth in the trust's organic record(s), if the trust has such a name; or

  (b) if the trust is not so named, the name of the trust's settlor.

  (2) In order for the UCC information management system to function in accordance with the usual expectations of filers and searchers:

  (a) the name of a trust or of a settlor that is an organization shall be provided as an organization debtor name without regard to the nature or character of the debtor; and

  (b) the name of a settlor who is an individual shall be provided as an individual debtor name without regard to the nature or character of the debtor.

  (3) The filing office shall enter data submitted by a filer in the fields designated by the filer exactly as the data appears in such fields.