§9-1107-B. No requirement to acknowledge or confirm; no duties
110 words·~1 min read·
/me/title-11-uniform-commercial-code/9-1107-bA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1). A person that has control under section 9‑1104 or 9‑1105‑A is not required to acknowledge that it has control on behalf of another person.
[PL 2023, c. 669, Pt. A, §88 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).]
(2). If a person acknowledges that it has or will obtain control on behalf of another person, unless the person otherwise agrees or law other than this Article otherwise provides, the person does not owe any duty to the other person and is not required to confirm the acknowledgment to any other person.
[PL 2023, c. 669, Pt. A, §88 (NEW); PL 2023, c. 669, Pt. E, §1 (AFF).]