Unknown Debtor or Secondary Obligor

  1. Law
  2. Georgia Code
  3. Commercial Code
  4. Secured Transactions
  5. Default
  6. Unknown Debtor or Secondary Obligor

Checkout our iOS App for a better way to browser and research.

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:
    1. That the person is a debtor or obligor;
    2. The identity of the person; and
    3. 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:
    1. That the person is a debtor; and
    2. The identity of the person.

(Code 1981, §11-9-605, enacted by Ga. L. 2001, p. 362, § 1.)

RESEARCH REFERENCES

U.L.A.

- Uniform Commercial Code (U.L.A.) § 9-605.


Download our app to see the most-to-date content.