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W. Va. Code § 46-9-506

Effect of errors or omissions

Known as the Uniform Commercial Code

The act spans §§ 46–46 (630 sections).

Applied in 1 court decision — leading case Zucker v. Wesbanco Bank, Inc. (In re Fairmont General Hospital, Inc.) (2016)

Most recently applied in Zucker v. Wesbanco Bank, Inc. (In re Fairmont General Hospital, Inc.) (February 2016)

(a) Minor errors and omissions. 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.

(b) Financing statement seriously misleading. Except as otherwise provided in subsection (c) of this section, a financing statement that fails sufficiently to provide the name of the debtor in accordance with section 9-503(a) is seriously misleading.

(c) Financing statement not seriously misleading. 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 section 9-503(a), the name provided does not make the financing statement seriously misleading.

(d) "Debtor's correct name." For purposes of section 9-508(b), the "debtor's correct name" in subsection (c) of this section means the correct name of the new debtor.

Official source: West Virginia Legislature. Reproduced from public-domain West Virginia statutes; confirm against the official source for the current text. Not legal advice.