New Jersey Statutes
§ 12A:9-605 — Unknown debtor or secondary obligor.
New Jersey·Title 12A COMMERCIAL TRANSACTIONS
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.
Free access — add to your briefcase to read the full text and ask questions with AI
New Jersey § 12A:9-605 (Unknown debtor or secondary obligor.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Nearby Sections
15
§ 12A:9-101
Short title§ 12A:9-102
Definitions and index of definitions.§ 12A:9-104
Control of deposit account.§ 12A:9-105
Control of electronic chattel paper.§ 12A:9-106
Control of investment property.§ 12A:9-107
Control of letter-of-credit right§ 12A:9-108
Sufficiency of description.§ 12A:9-109
Scope.§ 12A:9-201
General effectiveness of security agreement.§ 12A:9-202
Title to collateral immaterial§ 12A:9-204
After-acquired property, future advances.