§ 70A-9a-605. Unknown debtor or secondary obligor.

Latest version.

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

                    
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