GEORGIA CODE (Last Updated: August 20, 2013) |
Title 11. COMMERCIAL CODE |
Article 9. SECURED TRANSACTIONS |
Part 6. DEFAULT |
Part 1. DEFAULT AND ENFORCEMENT OF SECURITY INTEREST |
Section 11-9-605. Unknown debtor or secondary obligor.
Latest version.
- 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.
Code 1981, § 11-9-605, enacted by Ga. L. 2001, p. 362, § 1.