§ 41-09-77 — (9-506) Effect of errors or omissions

North Dakota § 41-09-77

• Jurisdiction: North Dakota
• Title 41: Uniform Commercial Code
• Ch. 41-09: Secured Transactions

Text

1. A financing statement substantially satisfying the requirements of this part is effective,
even if the financing statement has minor errors or omissions, unless the errors or
omissions make the financing statement seriously misleading.
2. Except as otherwise provided in subsection 3, a financing statement that fails
sufficiently to provide the name of the debtor in accordance with subsection 1 of
section 41-09-74 is seriously misleading.
3. 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 1 of

section 41-09-74, the name provided does not make the financing statement seriously
misleading.
4. For purposes of subsection 2 of section 41-09-79, the "debtor's correct name" in
subsection 3 means the correct name of the new debtor.