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Chapter 336
Section 336.9-605
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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.
History: 2000 c 399 art 1 s 106
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.
History: 2000 c 399 art 1 s 106
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Revisor of Statutes