Colorado § 4-9-605 Unknown debtor or secondary obligor

Colorado Statutes

§ 4-9-605 — Unknown debtor or secondary obligor

Colorado § 4-9-605

Title 04Uniform

Art.Secured Transactions

This text of Colorado § 4-9-605 (Unknown debtor or secondary obligor) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 4-9-605 (2026).

Text

(a)Except as provided in subsection (b) of this section, 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.

(b)A secured party owes a duty based on its status as a secured party to a person if, at the time the secured party obtains control of collateral that is a controllable account, controllable electronic record, or controllable payment intangible or at the time

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(a) Except as provided in
subsection (b) of this section, 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.

(b) A secured party owes a duty based on its status as a secured party to a
person if, at the time the secured party obtains control of collateral that is a
controllable account, controllable electronic record, or controllable payment
intangible or at the time the security interest attaches to the collateral, whichever
is later:

(1) The person is a debtor or obligor; and

(2) The secured party knows that the information in subsection (a)(1)(A),
(a)(1)(B), or (a)(1)(C) of this section relating to the person is not provided by the
collateral, a record attached to or logically associated with the collateral, or the
system in which the collateral is recorded.

Legislative History

Source: L. 2001: Entire article R&RE, p. 1400, � 1, effective July 1. L. 2023: IP amended and (b) added, (SB 23-090), ch. 136, p. 559, � 77, effective August 7.