(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.
Structure Code of Alabama
Article 9A - Secured Transactions.
Division 1 - Filing; Contents and Effectiveness of Financing Statement.
Section 7-9A-501 - Filing Office.
Section 7-9A-503 - Name of Debtor and Secured Party.
Section 7-9A-504 - Indication of Collateral.
Section 7-9A-506 - Effect of Errors or Omissions.
Section 7-9A-507 - Effect of Certain Events on Effectiveness of Financing Statement.
Section 7-9A-509 - Persons Entitled to File a Record.
Section 7-9A-510 - Effectiveness of Filed Record.
Section 7-9A-511 - Secured Party of Record.
Section 7-9A-512 - Amendment of Financing Statement.
Section 7-9A-513 - Termination Statement.
Section 7-9A-514 - Assignment of Powers of Secured Party of Record.
Section 7-9A-516 - What Constitutes Filing; Effectiveness of Filing.
Section 7-9A-517 - Effect of Indexing Errors.
Section 7-9A-518 - Claim Concerning Inaccurate or Wrongfully Filed Record.