§ 1309.605 — Unknown debtor or secondary obligor - UCC 9-605

Ohio § 1309.605

• Jurisdiction: Ohio
• Title 13: Commercial Transactions
• Ch. 1309: Secured Transactions

Text

A secured party does not owe a duty based on its status as secured party:

(A) To a person who 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

(B) To a secured party or lienholder who 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.

Legislative History

Effective: July 1, 2001 | Latest Legislation: Senate Bill 74 - 124th General Assembly