70A-9a-518 - Claim concerning inaccurate or wrongfully filed record.
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 recordindexed there under the person's name if the person believes that the record is inaccurate or waswrongfully 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 officedescribed 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 themanner in which the person believes the record should be amended to cure any inaccuracy orprovide 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 initialfinancing statement or other filed record.
Enacted by Chapter 252, 2000 General Session