South Dakota § 57A-9-506 Substantial compliance with requirements.

South Dakota Statutes

§ 57A-9-506 — Substantial compliance with requirements.

South Dakota § 57A-9-506

Title 57AUNIFORM COMMERCIAL CODE

Ch. 57A-6SECURED TRANSACTIONS

This text of South Dakota § 57A-9-506 (Substantial compliance with requirements.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 57A-9-506 (2026).

Text

(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), a financing statement that fails sufficiently to provide the name of the debtor in accordance with § 57A-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 § 57A-9-503(a), the name provided does not make the financing statement seriously misleading.

(d)For purposes of § 57A-9-508(b), the

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(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), a financing statement that fails sufficiently to provide the name of the debtor in accordance with § 57A-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 § 57A-9-503(a), the name provided does not make the financing statement seriously misleading. (d) For purposes of § 57A-9-508(b), the "debtor's correct name" in subsection (c) means the correct name of the new debtor.