Alabama § 7-9A-506 Effect of Errors or Omissions

Alabama Statutes

§ 7-9A-506 — Effect of Errors or Omissions

Alabama § 7-9A-506

JurisdictionAlabama

Title 7Commercial Code

Art. 9ASecured Transactions

Div. 1Filing; Contents and Effectiveness of Financing Statement

Part 5Filing

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Bluebook

Ala. Code § 7-9A-506 (2026).

Text

(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 7-9A-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 7-9A-

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(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 7-9A-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 7-9A-503(a), the name provided does not make the financing statement seriously misleading.
(d) “Debtor’s correct name.” For purposes of Section 7-9A-508(b), the “debtor’s correct name” in subsection (c) means the correct name of the new debtor.