Coordinating The Debtor’s Name In The Public Organic Record And Financing Statements

LexisNexis (March 16, 2023, 3:21 PM EDT) -- Secured lenders and their counsel often review draft financing statements for a debtor that is a registered organization and which, in the past few months, had merged or changed its name. Unfortunately, a problem can arise if the relevant documents—either the articles of incorporation for a corporation or the operating agreement for a limited liability company— have been amended to restate the debtor’s name in an ambiguous way. The following are examples:...