N.Y. Uniform Commercial Code Law Section 9-605
Unknown Debtor or Secondary Obligor


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.

Source: Section 9-605 — Unknown Debtor or Secondary Obligor, https://www.­nysenate.­gov/legislation/laws/UCC/9-605 (updated Sep. 22, 2014; accessed Oct. 26, 2024).

Accessed:
Oct. 26, 2024

Last modified:
Sep. 22, 2014

§ 9-605’s source at nysenate​.gov

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