Effect of errors or omissions

4-9-506. Effect of errors or omissions. (a) A financing statement substantially satisfying the requirements of this part 5 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) of this section, a financing statement that fails sufficiently to provide the name of the debtor in accordance with section 4-9-503 (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 4-9-503 (a), the name provided does not make the financing statement seriously misleading. (d) For purposes of section 4-9-508 (b), the debtor's correct name in subsection (c) of this section means the correct name of the new debtor. Source: L. 2001: Entire article R&RE, p. 1381, � 1, effective July 1. Editor's note: This section is similar to former � 4-9-402 (8) as it existed prior to 2001.