(1) A person may correct an entity filing if:
(a) the entity filing, at the time of filing, was inaccurate;
(b) the entity filing was defectively signed; or
(c) the electronic transmission of the entity filing to the division was defective.
(2) To correct an entity filing, a person, on behalf of which a person delivered an entity filing to the division for filing, shall deliver a statement of correction to the division for filing.
(3) A statement of correction:
(a) may not state a delayed effective date;
(b) shall be signed by the person correcting the entity filing;
(c) shall identify the entity filing to be corrected;
(d) shall specify the inaccuracy or defect the statement of correction will correct; and
(e) shall correct the inaccuracy or defect.
(4) Except as provided in Subsection (5), a statement of correction is effective on the effective date of the entity filing that the statement of correction corrects.
(5) If a person relies on the uncorrected entity filing and is adversely affected by the correction, the statement of correction is effective, as the statement of correction relates to the person, on the day on which the statement of correction is filed.