Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 95 - Filing
Section 9506 - Effect of errors or omissions

§ 9506. Effect of errors or omissions.
(a) Minor errors and omissions.--A financing statement substantially satisfying the requirements of this chapter 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 which fails sufficiently to provide the name of the debtor in accordance with section 9503(a) (relating to sufficiency of debtor's name) 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 which fails sufficiently to provide the name of the debtor in accordance with section 9503(a), the name provided does not make the financing statement seriously misleading.
(d) Debtor's correct name.--For purposes of section 9508(b) (relating to effectiveness of financing statement if new debtor becomes bound by security agreement), the "debtor's correct name" in subsection (c) means the correct name of the new debtor.
Cross References. Section 9506 is referred to in sections 9507, 9508 of this title.

Structure Pennsylvania Consolidated & Unconsolidated Statutes

Pennsylvania Consolidated & Unconsolidated Statutes

Title 13 - COMMERCIAL CODE

Chapter 95 - Filing

Extra - Chapter Notes

Section 9501 - Filing office

Section 9502 - Contents of financing statement; record of mortgage as financing statement; time of filing financing statement

Section 9503 - Name of debtor and secured party

Section 9504 - Indication of collateral

Section 9505 - Filing and compliance with other statutes and treaties for consignments, leases, other bailments and other transactions

Section 9506 - Effect of errors or omissions

Section 9507 - Effect of certain events on effectiveness of financing statement

Section 9508 - Effectiveness of financing statement if new debtor becomes bound by security agreement

Section 9509 - Persons entitled to file a record

Section 9510 - Effectiveness of filed record

Section 9511 - Secured party of record

Section 9512 - Amendment of financing statement

Section 9513 - Termination statement

Section 9514 - Assignment of powers of secured party of record

Section 9515 - Duration and effectiveness of financing statement; effect of lapsed financing statement

Section 9516 - What constitutes filing; effectiveness of filing

Section 9517 - Effect of indexing errors

Section 9518 - Claim concerning inaccurate or wrongfully filed record

Section 9519 - Numbering, maintaining and indexing records; communicating information provided in records

Section 9520 - Acceptance and refusal to accept record

Section 9521 - Uniform form of written financing statement and amendment

Section 9522 - Maintenance and destruction of records

Section 9523 - Information from filing office; sale or license of records

Section 9524 - Delay by filing office

Section 9525 - Fees

Section 9526 - Filing-office rules

Section 9527 - Duty to report