Michigan Compiled Laws

Mich. Comp. Laws § 440.9506 (2026)

Effect of errors or omissions.

✓ current as of July 2026

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UNIFORM COMMERCIAL CODE

Act 174 of 1962

440.9506 Effect of errors or omissions.

Sec. 9506.

(1) 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.

(2) Except as otherwise provided in subsection (3), a financing statement that fails sufficiently to provide the name of the debtor in accordance with section 9503(1) is seriously misleading.

(3) 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 9503(1), the name provided does not make the financing statement seriously misleading.

(4) For purposes of section 9508(2), the "debtor's correct name" in subsection (3) means the correct name of the new debtor.

History: 1962, Act 174, Eff. Jan. 1, 1964 ;-- Am. 2000, Act 348, Eff. July 1, 2001

Notes of Decisions

Cited in 9 cases, 1977–2011 · leading case: Fodale v. Waste Mgmt. of Michigan, Inc, 718 N.W.2d 827 (Mich. Ct. App. 2006).

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Fodale v. Waste Mgmt. of Michigan, Inc, 718 N.W.2d 827 (Mich. Ct. App. 2006). · cites it 5× “MCL 440.9506, 1979 version. [19] The debtor could, however, waive the right to redeem under a written agreement entered after default.”

Gorham v. Denha, 258 N.W.2d 196 (Mich. Ct. App. 1977). · cites it 3× “The trial court is directed to set a reasonable time to serve as the period during which defendants can redeem their interests, pursuant to MCLA 440.9506; MSA 19.9506, and MCLA 440.”

H.S. Die & Eng'g, Inc. v. Ford Motor Co. (In Re Plastech Engineered Prods., Inc.), 418 B.R. 235 (Bankr. E.D. Mich. 2009). · cites it 6× “” Mich. Comp. Laws Ann. § 440.9506 (2). In applying these provisions, it is important to remember that this matter is now before the Court on a motion to dismiss under Rule 12(b)(6), and the Court has excluded matters outside the pleadings.”

Gen. Motors Acceptance Corp. v. Miller (In Re Miller), 4 B.R. 305 (Bankr. E.D. Mich. 1980). “§ 440.9506. 5 . Section 722 was modeled after section 9-506 of the Uniform Commercial Code.”

Howard v. Lud, 325 N.W.2d 623 (Mich. Ct. App. 1982). · cites it 2× “Plaintiff argues that, since the repossessed stock was being held as security for plaintiff’s performance, the defendants were bound by the requirements of Article 9 of the Uniform Commercial Code which requires a secured party to notify the debtor of his intent to retain the…”

Gold v. Pasternak (In Re Harvey Goldman & Co.), 455 B.R. 621 (Bankr. E.D. Mich. 2011). · cites it 11× “Mich. Comp. Laws Ann. § 440.9506 (1) does provide that a financing statement that substantially satisfies the requirements regarding the contents of a financing statement is still effective even if it has minor errors or omissions “unless the errors or omissions make the…”

D & L Equip. Inc. v. Wells Fargo Equip. Fin., Inc. (In Re D & L Equip. Inc.), 457 B.R. 616 (E.D. Mich. 2011). · cites it 2× “” Mich. Comp. Laws § 440.9506 (1). Here, as in Tri-State Equipment, 792 F.”

Crestmark Bank v. United States (In Re Spearing Tool & Mfg. Co.), 292 B.R. 579 (Bankr. E.D. Mich. 2003). · cites it 2× “§ 440.9506. Effect of errors or omissions Sec.”

Crestmark Bank & Crestmark Fin. Corp. v. United States (In Re Spearing Tool & Mfg. Co.), 302 B.R. 351 (E.D. Mich. 2003). “§ 440.9506. Effect of errors or omissions Sec.”

— Mich. Comp. Laws § 440.9506(1) — 2 cases

H.S. Die & Eng'g, Inc. v. Ford Motor Co. (In Re Plastech Engineered Prods., Inc.), 418 B.R. 235 (Bankr. E.D. Mich. 2009). “” Mich. Comp. Laws Ann. § 440.9506 (2). In applying these provisions, it is important to remember that this matter is now before the Court on a motion to dismiss under Rule 12(b)(6), and the Court has excluded matters outside the pleadings.”

Crestmark Bank v. United States (In Re Spearing Tool & Mfg. Co.), 292 B.R. 579 (Bankr. E.D. Mich. 2003). “§ 440.9506. Effect of errors or omissions Sec.”

— Mich. Comp. Laws § 440.9506(3) — 1 case

Gold v. Pasternak (In Re Harvey Goldman & Co.), 455 B.R. 621 (Bankr. E.D. Mich. 2011). “Mich. Comp. Laws Ann. § 440.9506 (1) does provide that a financing statement that substantially satisfies the requirements regarding the contents of a financing statement is still effective even if it has minor errors or omissions “unless the errors or omissions make the…”

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