North Dakota Code 41-09-77 – (9-506) Effect of errors or omissions
1. A financing statement substantially satisfying the requirements of this part is effective, even if the financing statement has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading.
Terms Used In North Dakota Code 41-09-77
- Debtor: means a natural person whose name was provided in a financing statement record as an individual debtor or one of the types of persons listed in section 41-09-76. See North Dakota Code 41-10-01
2. Except as otherwise provided in subsection 3, a financing statement that fails sufficiently to provide the name of the debtor in accordance with subsection 1 of section 41-09-74 is seriously misleading.
3. 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 subsection 1 of section 41-09-74, the name provided does not make the financing statement seriously misleading.
4. For purposes of subsection 2 of section 41-09-79, the “debtor’s correct name” in subsection 3 means the correct name of the new debtor.