§ 36-9-605. Unknown debtor or secondary obligor.
96 words·~1 min read·
/sc/title-36-commercial-code/chapter-9/commercial-code-secured-transactions/36-9-605·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 36-9-605. Unknown debtor or secondary obligor.
A secured party does not owe a duty based on its status as secured party:
(1)to a person that is a debtor or obligor, unless the secured party knows:
(A)that the person is a debtor or obligor;
(B)the identity of the person; and
(C)how to communicate with the person; or
(2)to a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:
(A)that the person is a debtor; and
(B)the identity of the person.