New York Uniform Commercial Code Law Section 9-605 - Unknown Debtor or Secondary Obligor

Section 9--605. Unknown Debtor or Secondary Obligor.
A  secured  party  does  not owe a duty based on its status as secured
  party:
(a) to a person that is a debtor or obligor, unless the secured  party
  knows:
     (1) that the person is a debtor or obligor;
     (2) the identity of the person; and
     (3) how to communicate with the person; or
(b) to  a  secured  party  or  lienholder  that  has filed a financing
  statement against a person, unless the secured party knows:
     (1) that the person is a debtor; and
     (2) the identity of the person.

Last modified: February 3, 2019