Missouri Revised Statutes













Chapter 400

Uniform Commercial Code

←400.09-505

Section 400.9-506.1

400.09-507→

August 28, 2015

Effect of errors or omissions.

400.9-506. (a) 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) Except as otherwise provided in subsection (c), a financing

statement that fails sufficiently to provide the name of the debtor in

accordance with section 400.9-503(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 section 400.9-503(a), the name provided does not

make the financing statement seriously misleading.



(d) For purposes of section 400.9-508(b), the "debtor's correct name" in

subsection (c) means the correct name of the new debtor.



(L. 1963 p. 503 § 9-506, A.L. 2001 S.B. 288)



Effective 7-01-01





1991



1991



400.9-506. At any time before the secured party has disposed

of collateral or entered into a contract for its disposition

under section 400.9-504 or before the obligation has been

discharged under section 400.9-505(2) the debtor or any other

secured party may unless otherwise agreed in writing after

default redeem the collateral by tendering fulfillment of all

obligations secured by the collateral as well as the expenses

reasonably incurred by the secured party in retaking, holding and

preparing the collateral for disposition, in arranging for the

sale, and to the extent provided in the agreement and not

prohibited by law, his reasonable attorney fees and legal

expenses.



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