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.