The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
A. A financing statement substantially satisfying the requirements of this article 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 of this section, a financing statement that fails sufficiently to provide the name of the debtor in accordance with section 47-9503, subsection 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 47-9503, subsection A, the name provided does not make the financing statement seriously misleading.
D. For purposes of section 47-9508, subsection B, the "debtor's correct name" in subsection C of this section means the correct name of the new debtor.