Ark. Code Ann. § 4-9-605

Unknown debtor or secondary obligor

Known as the Uniform Commercial Code

The act spans §§ 4–4 (597 sections).

Acts 2001, No. 1439, § 1.

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: that the person is a debtor or obligor;

(2) the identity of the person; and

(3) how to communicate with the person; or

(4) to a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows: that the person is a debtor; and

(5) the identity of the person.

Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.