(a) Minor errors and omissions.  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.

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(b) Financing statement seriously misleading.  Except as otherwise provided in subsection (c), a financing statement that fails sufficiently to provide the name of the debtor in accordance with § 6A-9-503(a) is seriously misleading.

(c) Financing statement not seriously misleading.  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 § 6A-9-503(a), the name provided does not make the financing statement seriously misleading.

(d) “Debtor’s correct name.”  For purposes of § 6A-9-508(b), the “debtor’s correct name” in subsection (c) means the correct name of the new debtor.

History of Section.
P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.