2011 Michigan Compiled Laws
Chapter 440 — UNIFORM COMMERCIAL CODE
Act 174 of 1962 — UNIFORM COMMERCIAL CODE (440.1101 - 440.11102)
174-1962-9 — ARTICLE 9 SECURED TRANSACTIONS (440.9101...440.9994)
174-1962-9-6 — PART 6 DEFAULT (440.9601...440.9628)
174-1962-9-6-1. — SUBPART 1. DEFAULT AND ENFORCEMENT OF SECURITY INTEREST (440.9601...440.9624)
Section 440.9605 — Unknown debtor or secondary obligor.

Sec. 9605.

A secured party does not owe a duty based on its status as secured party to either of the following:

(a) To a person that is a debtor or obligor, unless the secured party knows all of the following:

(i) That the person is a debtor or obligor.

(ii) The identity of the person.

(iii) How to communicate with the person.

(b) To a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows both of the following:

(i) That the person is a debtor.

(ii) The identity of the person.

History: Add. 2000, Act 348, Eff. July 1, 2001