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336.9-605 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.

HIST: 2000 c 399 art 1 s 106

* NOTE: This section, as added by Laws 2000, chapter 399, *article 1, section 106, is effective July 1, 2001. Laws 2000, *chapter 399, article 1, section 130.