LegalFix
Sign In

NRS 104.9506 - Effect of errors or omissions in financing statement.

NV Rev Stat § 104.9506 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

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 subsection 1 of NRS 104.9503 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 subsection 1 of NRS 104.9503, the name provided does not make the financing statement seriously misleading.

4. For purposes of subsection 2 of NRS 104.9508, the “debtor’s correct name” in subsection 3 means the correct name of the new debtor.

(Added to NRS by 1999, 331)

Previous Section
NRS 104.9505 - Filing of financing statement in compliance with other statutes and treaties for consignments, leases, other bailments and other transactions.
Next Section
NRS 104.9507 - Effect of certain events on effectiveness of financing statement.