Unknown debtor or secondary obligor

  1. Law
  2. Mississippi Code
  3. Regulation of Trade, Commerce and Investments
  4. Uniform Commercial Code-Secured Transactions
  5. Default
  6. Default and Enforcement of Security Interest
  7. Unknown debtor or secondary obligor

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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:
  2. To a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:

That the person is a debtor or obligor;

The identity of the person; and

How to communicate with the person; or

That the person is a debtor; and

The identity of the person.


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