AS 45.29.605

Unknown debtor or secondary obligor

Known as the Uniform Commercial Code

The act spans §§ 45–45 (615 sections).

A secured party does not owe a duty based on its status as secured party to (1) 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

(2) 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.

Official source: Alaska State Legislature. Reproduced from public-domain Alaska statutes; confirm against the official source for the current text. Not legal advice.