(a) Minor errors and omissions.— A financing statement substantially satisfying the requirements of this subchapter is effective, even if it has minor errors or omissions, unless the errors or omissions make the financing statement seriously misleading.
(b) Financing statement seriously misleading.— Except as otherwise provided in subsection (c) of this section, a financing statement that fails sufficiently to provide the name of the debtor in accordance with § 2323(a) of this title 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 § 2323(a) of this title, the name provided does not make the financing statement seriously misleading.
(d) Debtor's correct name.— For purposes of § 2328(b) of this title, the “debtor's correct name” in subsection (c) of this section means the correct name of the new debtor.
History —Sept. 19, 1996, No. 241, added as § 9-506 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012.