Section 62A.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.

[2000 c 250 § 9A-605.]

2000 c 250 § 9A-605.

                    
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