§ 8.9a-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.

History

2000, c. 1007.

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