2000 Minnesota Statutes

     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.