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Note: Commerce is now known as Economic Development Law

RETRIEVE BILL
 
  Section 9--506. Effect of Errors or Omissions.
    (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 9--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 9--503(a), the name provided does not
  make the financing statement seriously misleading.
    (d) "Debtor's correct name." For purposes of  Section  9--508(b),  the
  "debtor's  correct name" in subsection (c) means the correct name of the
  new debtor.

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