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§ 1-9-506. Effect of errors or omissions

Oklahoma Statutes AnnotatedTitle 12A. Commercial Code

Oklahoma Statutes Annotated
Title 12a. Commercial Code (Refs & Annos)
Article 9. Secured Transactions (Refs & Annos)
Part 5. Filing
12A Okl.St.Ann. § 1-9-506
§ 1-9-506. Effect of errors or omissions
Effect of errors or omissions
(a) 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) 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 subsection (a) of Section 1-9-503 of this title 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 subsection (a) of Section 1-9-503 of this title, the name provided does not make the financing statement seriously misleading.
(d) For purposes of subsection (b) of Section 1-9-508 of this title, the “debtor's correct name” in subsection (c) of this section means the correct name of the new debtor.

Credits

Laws 2000, c. 371, § 84, eff. July 1, 2001.
12A Okl. St. Ann. § 1-9-506, OK ST T. 12A § 1-9-506
Current with emergency effective legislation through Chapter 378 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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