Wisconsin Statutes (Last Updated: January 10, 2017) |
Chapter 409. Uniform Commercial Code — Secured Transactions |
SubChapter VI. DEFAULT |
Section 409.605. 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.