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Oklahoma · Snapshot open-us-law v2026.08, retrieved 2026-09-14

Okla. Stat. tit. 12A, § 12A-1-9-605: Unknown debtor or secondary obligor

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Where this section sits in the code
  1. OK Code
  2. Title 12A

UNKNOWN DEBTOR OR SECONDARY OBLIGOR

(a) Except as provided in subsection (b) of this section, 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.

(b) A secured party owes a duty based on its status as a

secured party to a person if, at the time the secured party obtains

control of collateral that is a controllable account, controllable

electronic record, or controllable payment intangible or at the time

the security interest attaches to the collateral, whichever is

later:

(1) the person is a debtor or obligor; and

(2) the secured party knows that the information in

subparagraph (A), (B), or (C) of paragraph (1) of subsection (a) of

this section relating to the person is not provided by the

collateral, a record attached to or logically associated with the

collateral, or the system in which the collateral is recorded.

Collected 2026-09-14T18:32:36Z. Source file · JSON

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