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  • SECTION 9-604
    Procedure If Security Agreement Covers Real Property, Fixtures, or Cooperative Interests
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  • SUBPART 1
    Default and Enforcement of Security Interest
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  • SECTION 9-606
    Time of Default for Agricultural Lien
    • This entry was published on 2014-09-22
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    SECTION 9-605

    Unknown Debtor or Secondary Obligor

    Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 9, PART 6, SUBPART 1

    Section 9--605. Unknown Debtor or Secondary Obligor.

    A secured party does not owe a duty based on its status as secured
    party:

    (a) to a person that is a debtor or obligor, unless the secured party
    knows:

    (1) that the person is a debtor or obligor;

    (2) the identity of the person; and

    (3) how to communicate with the person; or

    (b) to a secured party or lienholder that has filed a financing
    statement against a person, unless the secured party knows:

    (1) that the person is a debtor; and

    (2) the identity of the person.