Unknown debtor or secondary obligor.

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  2. Oklahoma Statutes
  3. Commercial Code
  4. Unknown debtor or secondary obligor.

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UNKNOWN DEBTOR OR SECONDARY OBLIGOR

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:

  • (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.

Added by Laws 2000, c. 371, § 112, eff. July 1, 2001.


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