N.J.S.A. 12A:9-605 — Unknown debtor or secondary obligor.

12A:9-605 Unknown debtor or secondary obligor. 12A:9-605. Unknown Debtor or Secondary Obligor. A secured party does not owe a duty based on its status as secured party: (1) to a person who 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. L.2001, c.117, s.1; amended 2001, c.386, s.95.

This is the verbatim text of N.J.S.A. 12A:9-605, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.