Tribal Law Gateway  | Turtle Mountain Band of Chippewa Indians of North Dakota | Collection | Turtle Mountain Band of Chippewa Indians Tribal Code. | Title 24 Commercial Code | Chapter 24.46 Filing | 24.46.050 Effect of Errors or Omissions

Turtle Mountain Band of Chippewa Indians of North Dakota - Tribal Law

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Turtle Mountain Band of Chippewa Indians Tribal Code.

24.46.050 Effect of Errors or Omissions

(a) A financing statement substantially satisfying the requirements of this part is effective, even if the financing statement 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 subsection (a) of Section 24.46.020 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 subsection 1 of Section 24.46.020, the name provided does not make the financing statement seriously misleading.

(d) For purposes of subsection (b) of Section 24.46.070, the "debtor's correct name" in subsection (c) means the correct name of the new debtor.

Original url: /us/nsn/tmchippewa/council/code/24.46.050

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