(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 in the case of individual debtors and 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.
72 Del. Laws, c. 401,
§
1;
Notes of Decisions
Cited in
3
cases, 1976–2014 · leading case:
Rushton v. Shea, 423 F. Supp. 468 (D. Del. 1976).
Rushton v. Shea, 423 F. Supp. 468 (D. Del. 1976).
“It gives 4he debtor an opportunity to exercise the right of redemption of the repossessed collateral provided for by 6 Del.C. § 9-506. It also gives him the chance to challenge any aspect of the disposition before it is made.”
Friendly Fin. Corp. v. Bovee, 702 A.2d 1225 (Del. 1997).
· cites it 2× “5 The intent of this Section is to protect the debtor’s right to redemption under 6 Del.C. § 9-506 (UCC), to market the collateral to other buyers, and to.”
Seitz v. Repub. First Bank (In re Gem Refrigerator Co.), 512 B.R. 194 (Bankr. E.D. Pa. 2014).
“" See supra, note 5; 6 Del. C. § 9-506(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.”
— 6 Del. C. § 9-506(a) — 1 case
Seitz v. Repub. First Bank (In re Gem Refrigerator Co.), 512 B.R. 194 (Bankr. E.D. Pa. 2014).
“" See supra, note 5; 6 Del. C. § 9-506(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.”
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