§ 62A.9A-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.
[2000 c 250 § 9A-605.]
Sections: Previous 62A.9A-525 62A.9A-526 62A.9A-527 62A.9A-601 62A.9A-602 62A.9A-603 62A.9A-604 62A.9A-605 62A.9A-606 62A.9A-607 62A.9A-608 62A.9A-609 62A.9A-610 62A.9A-611 62A.9A-612 NextLast modified: April 7, 2009