Maryland Code § CL-9-506

Section CL-9-506
Open in Lexace · Ask the AI about this section
(a) A financing statement substantially satisfying the requirements of this
subtitle 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), a financing statement
that fails sufficiently to provide the name of the debtor in accordance with § 9-503(a)
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
§ 9-503(a), the name provided does not make the financing statement seriously
misleading.
(d) For purposes of § 9-508(b), the "debtor's correct name" in subsection (c)
means the correct name of the new debtor.

‹ Prev All Maryland sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.