Okla. Stat. tit. 12A, § 12A-1-9-605: Unknown debtor or secondary obligor
Where this section sits in the code
- OK Code
- 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