                                 CODE OF VIRGINIA

EFFECT OF ERRORS OR OMISSIONS (§ 8.9A-506)

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), a financing statement that fails sufficiently to provide the
name of the debtor in accordance with &#xA7; 8.9A-503 (a) is seriously
misleading.

c. Financing statement not seriously misleading. If a search of the records of
the filing office under the debtor&#8217;s correct name, using the filing
office&#8217;s standard search logic, if any, would disclose a financing
statement that fails sufficiently to provide the name of the debtor in
accordance with &#xA7; 8.9A-503 (a), the name provided does not make the
financing statement seriously misleading.

d. &#8220;Debtor&#8217;s correct name.&#8221; For purposes of &#xA7; 8.9A-508
(b), the &#8220;debtor&#8217;s correct name&#8221; in subsection (c) means the
correct name of the new debtor.

HISTORY: 1964, c. 219, § 8.9-402; 1966, c. 649; 1973, c. 509; 1976, c. 536;
1977, c. 539; 1978, cc. 284, 285; 1982, c. 652; 1999, c. 96; 2000, c. 1007.