§490:9-506 Effect of errors or omissions. (a) A financing statement substantially satisfying the requirements of this part is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading.
(b) Except as otherwise provided in subsection (c), a financing statement that fails sufficiently to provide the name of the debtor in accordance with section 490:9-503(a) is seriously misleading.
(c) If a search of the records of the filing office under the debtor's correct name, using the filing office's standard search logic, if any, would disclose a financing statement that fails sufficiently to provide the name of the debtor in accordance with section 490:9-503(a), the name provided does not make the financing statement seriously misleading.
(d) For purposes of section 490:9-508(b), the "debtor's correct name" in subsection (c) means the correct name of the new debtor. [L 2000, c 241, pt of §1]
Section: Previous 490-9-408 490-9-409 490-9-501 490-9-502 490-9-503 490-9-504 490-9-505 490-9-506 490-9-507 490-9-508 490-9-509 490-9-510 490-9-511 490-9-512 490-9-513 NextLast modified: October 27, 2016