2013 Louisiana Laws
Revised Statutes
TITLE 10 - Commercial Laws
RS 10:9-518 - Claim concerning inaccurate or wrongfully filed record

§9-518. Claim concerning inaccurate or wrongfully filed record

NOTE: Subsection (a) eff. until July 1, 2013. See Acts 2012, No. 450, §1.

(a) Correction statement. A person may file in the filing office where the financing statement was originally filed a correction statement with respect to a record indexed under the person's name if the person believes that the record is inaccurate or was wrongfully filed.

NOTE: Subsection (a) as amended by Acts 2012, No. 450, §1, eff. July 1, 2013.

(a) Statement with respect to record indexed under person's name. A person may file in the filing office where the financing statement was originally filed an information statement with respect to a record indexed under the person's name if the person believes that the record is inaccurate or was wrongfully filed.

NOTE: Subsection (b) eff. until July 1, 2013. See Acts 2012, No. 450, §1.

(b) Sufficiency of correction statement. A correction statement must:

NOTE: Subsection (b) as amended by Acts 2012, No. 450, §1, eff. July 1, 2013.

(b) Contents of statement under Subsection (a) of this Section. An information statement under Subsection (a) of this Section must:

(1) identify the record to which it relates by the file number assigned to the initial financing statement to which the record relates;

NOTE: Paragraph (2) eff. until July 1, 2013. See Acts 2012, No. 450, §1.

(2) indicate that it is a correction statement; and

NOTE: Paragraph (2) as amended by Acts 2012, No. 450, §1, eff. July 1, 2013.

(2) indicate that it is an information statement; and

(3) 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.

NOTE: Subsection (c) eff. until July 1, 2013. See Acts 2012, No. 450, §1.

(c) Record not affected by correction statement. The filing of a correction statement does not affect the effectiveness of an initial financing statement or other filed record.

NOTE: Subsection (c) as amended by Acts 2012, No. 450, §1, eff. July 1, 2013.

(c) Statement by secured party of record. A person may file in the filing office an information statement with respect to a record filed there if the person is a secured party of record with respect to the financing statement to which the record relates and believes that the person that filed the record was not entitled to do so under R.S. 10:9-509(d).

NOTE: Subsection (d) as enacted by Acts 2012, No. 450, §1, eff. July 1, 2013.

(d) Contents of statement under Subsection (c) of this Section. An information statement under Subsection (c) of this Section must:

(1) identify the record to which it relates by the file number assigned to the initial financing statement to which the record relates;

(2) indicate that it is an information statement; and

(3) provide the basis for the person's belief that the person that filed the record was not entitled to do so under R.S. 10:9-509(d).

NOTE: Subsection (e) as enacted by Acts 2012, No. 450, §1, eff. July 1, 2013.

(e) Record not affected by information statement. The filing of an information statement does not affect the effectiveness of an initial financing statement or other filed record.

Acts 2001, No. 128, §1, eff. July 1, 2001; Acts 2012, No. 405, §1, eff. July 1, 2013.