S.C. Code Ann. § 36-9-605

Unknown debtor or secondary obligor

Known as the Uniform Commercial Code

The act spans §§ 36–36 (519 sections).

1988 Act No. 494, SECTION 5; 2001 Act No. 67, SECTION 12.

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

(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.

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