70A-9a-605 - Unknown debtor or secondary obligor.
70A-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.
Enacted by Chapter 252, 2000 General Session