The Vermont Statutes Online
The Vermont Statutes Online have been updated to include the actions of the 2023 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Title 9A : Uniform Commercial Code
Article 009 : Secured Transactions
(Cite as: 9A V.S.A. § 9-506)-
§ 9—506. Effect of errors or omissions
(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) of this section, a financing statement that fails sufficiently to provide the name of the debtor in accordance with subsection 9—503(a) of this title 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 subsection 9—503(a) of this title, the name provided does not make the financing statement seriously misleading.
(d) For purposes of subsection 9—508(b) of this title, the “debtor’s correct name” in subsection (c) of this section means the correct name of the new debtor. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)
