§ 11-9-506. Effect of Errors or Omissions

1. 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.
2. Financing statement seriously misleading.    Except as otherwise provided in subsection (c) of this Code section, a financing statement that fails sufficiently to provide the name of the debtor in accordance with subsection (a) of Code Section 11-9-503 is seriously misleading.
3. 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 subsection (a) of Code Section 11-9-503, the name provided does not make the financing statement seriously misleading.
4. “Debtor’s correct name.”   For purposes of subsection (b) of Code Section 11-9-508, the “debtor’s correct name” as used in subsection (c) of this Code section means the correct name of the new debtor.

History. Code 1981, § 11-9-506 , enacted by Ga. L. 2001, p. 362, § 1.

Law reviews.

For article discussing Uniform Commercial Code provisions establishing a security interest in fixtures as a means of protecting sellers, see 16 Mercer L. Rev. 404 (1965).

For article discussing the Uniform Commercial Code provisions regarding the sufficiency of “The Description of Collateral in Security Agreements and Financing Statements,” see 28 Mercer L. Rev. 611 (1977).

For article, “The Revisions to Article IX of the Uniform Commercial Code,” see 15 Ga. St. B.J. 120 (1977).

For article, “Fixture Financing Under Georgia’s New Article 9,” see 16 Ga. St. B.J. 110 (1980).

For article, “H.B. 712: New Requirements for Financing Statements and Continuation Statements Filed in Georgia,” see 22 Ga. St. B.J. 6 (1985).

For article, “H.B. 1364: Revised Requirements for Financing Statements and Continuation Statements Filed in Georgia,” see 23 Ga. St. B.J. 50 (1986).

For annual survey of law of real property, see 38 Mercer L. Rev. 319 (1986).

For annual survey article on commercial law, see 50 Mercer L. Rev. 193 (1998).

For comment on United States v. Crittenden, 563, F.2d 678 (5th Cir. 1977), see 12 Ga. L. Rev. 692 (1977).