The failure of the filing office to index a record correctly does not affect the effectiveness of the filed record.
History: 1978 Comp., § 55-9-517, enacted by Laws 2001, ch. 139, § 88.
OFFICIAL COMMENTS
UCC Official Comments by ALI & the NCCUSL. Reproduced with permission of the PEB for the UCC. All rights reserved.
1. Source. New.
2. Effectiveness of Mis-Indexed Records. This section provides that the filing office's error in mis-indexing a record does not render ineffective an otherwise effective record. As did former section 9-401, this section imposes the risk of filing-office error on those who search the files rather than on those who file.
Effective dates. — Laws 2001, ch. 139, § 155 makes the act effective July 1, 2001.
Structure 2021 New Mexico Statutes
Chapter 55 - Uniform Commercial Code
Article 9 - Secured Transactions
Subpart 1 - FILING OFFICE; CONTENTS ANDEFFECTIVENESS OF FINANCING STATEMENT
Section 55-9-501 - Filing office.
Section 55-9-503 - Name of debtor and secured party.
Section 55-9-504 - Indication of collateral.
Section 55-9-506 - Effect of errors or omissions.
Section 55-9-507 - Effect of certain events on effectiveness of financing statement.
Section 55-9-509 - Persons entitled to file a record.
Section 55-9-510 - Effectiveness of filed record.
Section 55-9-511 - Secured party of record.
Section 55-9-512 - Amendment of financing statement.
Section 55-9-513 - Termination statement.
Section 55-9-514 - Assignment of powers of secured party of record.
Section 55-9-516 - What constitutes filing; effectiveness of filing.
Section 55-9-517 - Effect of indexing errors.
Section 55-9-518 - Claim concerning inaccurate or wrongfully filed record.