Basic Uniform Commercial Code

Seriously Misleading

Errors or omissions that make the financing statement seriously misleading is ineffective. UCC § 9-506(a).

If the name on the financing statement is not exactly right, it is seriously misleading unless a search on the state's using has logic that will still find it. (Usually they strip endings like "Inc." or "Corporation".) UCC § 9-506(3).

A financing statement that does not provide the name of a debtor is seriously misleading.

If one changes his name, the financing statement will remain effective for four months afterwards. UCC § 9-507(c)(1).

After four months after a name change, the financing statement is not effective for perfection. UCC § 9-507(c)(2). You must amend the financing statement.