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Session Laws, 1999
Volume 796, Page 2112   View pdf image
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(6) IN THE CASE OF AN ASSIGNMENT REFLECTED IN AN INITIAL
FINANCING STATEMENT UNDER § 9-514(A) OR AN AMENDMENT FILED UNDER §
9-514(B), THE RECORD DOES NOT PROVIDE A NAME AND MAILING ADDRESS FOR THE
ASSIGNEE;

(7) IN THE CASE OF A CONTINUATION STATEMENT, THE RECORD IS NOT
FILED WITHIN THE SIX-MONTH PERIOD PRESCRIBED BY § 9-515(D); OR

(8) THE INFORMATION REQUIRED BY § 9-502(E) IS NOT PROVIDED OR
RECORDATION TAX PAYABLE IS NOT TENDERED WITH THE FINANCING STATEMENT.

(C) FOR PURPOSES OF SUBSECTION (B):

(1) A RECORD DOES NOT PROVIDE INFORMATION IF THE FILING OFFICE
IS UNABLE TO READ OR DECIPHER THE INFORMATION; AND

(2) A RECORD THAT DOES NOT INDICATE THAT IT IS AN AMENDMENT OR
IDENTIFY AN INITIAL FINANCING STATEMENT TO WHICH IT RELATES, AS REQUIRED
BY § 9-512, § 9-514, OR § 9-518, IS AN INITIAL FINANCING STATEMENT.

(D) A RECORD THAT IS COMMUNICATED TO THE FILING OFFICE WITH TENDER
OF THE FILING FEE, BUT WHICH THE FILING OFFICE REFUSES TO ACCEPT FOR A
REASON OTHER THAN ONE SET FORTH IN SUBSECTION (B), IS EFFECTIVE AS A FILED
RECORD EXCEPT AS AGAINST A PURCHASER OF THE COLLATERAL WHICH GIVES
VALUE IN REASONABLE RELIANCE UPON THE ABSENCE OF THE RECORD FROM THE
FILES.

9-517. EFFECT OF INDEXING ERRORS.

THE FAILURE OF THE FILING OFFICE TO INDEX A RECORD CORRECTLY DOES
NOT AFFECT THE EFFECTIVENESS OF THE FILED RECORD.

9-518. CLAIM CONCERNING INACCURATE OR WRONGFULLY FILED RECORD.

(A) A PERSON MAY FILE IN THE FILING OFFICE A CORRECTION STATEMENT
WITH RESPECT TO A RECORD INDEXED THERE UNDER THE PERSON'S NAME IF THE
PERSON BELIEVES THAT THE RECORD IS INACCURATE OR WAS WRONGFULLY FILED.

(B) A CORRECTION STATEMENT MUST:

(1) IDENTIFY THE RECORD TO WHICH IT RELATES BY:

(A) THE FILE NUMBER ASSIGNED TO THE INITIAL FINANCING
STATEMENT TO WHICH THE RECORD RELATES; AND

(B) IF THE CORRECTION STATEMENT RELATES TO A RECORD
RECORDED IN A FILING OFFICE DESCRIBED IN § 9-501(A)(1), THE DATE AND TIME
THAT THE INITIAL FINANCING STATEMENT WAS RECORDED AND THE INFORMATION
SPECIFIED IN § 9-502(B);

(2) INDICATE THAT IT IS A CORRECTION STATEMENT; AND

(3) PROVIDE THE BASIS FOR THE PERSON'S BELIEF THAT THE RECORD
IS INACCURATE AND INDICATE THE MANNER IN WHICH THE PERSON BELIEVES THE

 

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Session Laws, 1999
Volume 796, Page 2112   View pdf image
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