(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.
(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 Section 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 Section 9-503(a), the name provided does not make the financing statement seriously
(d) “Debtor's correct name.” For purposes of Section 9-508(b), the “debtor's correct name” in subsection (c) means the correct name of the new debtor.
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