Title 11, Chapter 9, Section 710
( 11-9-710)
Exculpation. From July 1, 2001, until July 1, 2006, any search company shall not
be liable to its customer as a result of failing to disclose the
existence of a filed financing statement in any filing office or
index maintained by the authority searched in good faith by such
search company to the extent such failure is attributable either to
the failure of such filing office or the authority, as the case may
be, to have properly indexed such filed financing statement or to
the failure of the search logic used by such filing office or the
authority, as the case may be, to disclose such filed financing
statement in response to a search in the appropriate records of such
filing office or of such index in the name provided to such search
company by its customer. As used in this Code section, "search
company" shall mean any person engaged in the business of conducting
or arranging searches of public records of filed financing
statements. On and after July 1, 2006, the liability of a search
company shall be determined by law other than this article. |