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New Jersey Statutes, Title: 12A, COMMERCIAL TRANSACTIONS
Chapter 9:
Section: 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 section added to the Rutgers Database: 2013-06-10 16:36:30.
Older versions of 12a:9-605 (if available):
Court decisions that cite this statute:
CLICK HERE.