70A-9a-518. Claim concerning inaccurate or wrongfully filed record.
(1) A person may file in the filing office a correction statement with respect to a record
indexed there under the person's name if the person believes that the record is inaccurate or was
wrongfully filed.
(2) A correction statement must:
(a) identify the record to which it relates by:
(i) the file number assigned to the initial financing statement to which the record relates;
and
(ii) if the correction statement relates to a record filed or recorded in a filing office
described in Subsection 70A-9a-501(1)(a):
(A) (I) the entry number of the initial financing statement; or
(II) the book and page where that the initial financing statement was filed or recorded;
and
(B) the information specified in Subsection 70A-9a-502(2);
(b) indicate that it is a correction statement; and
(c) provide the basis for the person's belief that the record is inaccurate and indicate the
manner in which the person believes the record should be amended to cure any inaccuracy or
provide the basis for the person's belief that the record was wrongfully filed.
(3) The filing of a correction statement does not affect the effectiveness of an initial
financing statement or other filed record.
Enacted by Chapter 252, 2000 General Session
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Last revised: Thursday, May 28, 2009