{"data":{"id":"us-mn/minn.-stat.-336.9-605","jurisdiction":"us-mn","citation":"Minn. Stat. § 336.9-605","heading":"UNKNOWN DEBTOR OR SECONDARY OBLIGOR.","body":"(a) In general: no duty owed by secured party. Except as provided in subsection (b), a secured party does not owe a duty based on its status as secured party:\n(1) to a person that is a debtor or obligor, unless the secured party knows:\n(A) that the person is a debtor or obligor;\n(B) the identity of the person; and\n(C) how to communicate with the person; or\n(2) to a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:\n(A) that the person is a debtor; and\n(B) the identity of the person.\n(b) Exception: Secured party owes duty to debtor or obligor. 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:\n(1) the person is a debtor or obligor; and\n(2) the secured party knows that the information in subsection (a)(1)(A), (B), or (C), 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.","path":["TRADE REGULATIONS, CONSUMER PROTECTION","CHAPTER 336. UNIFORM COMMERCIAL CODE","SUBPART 2. DUTIES AND OPERATION OF FILING OFFICE","Part 6 DEFAULT SUBPART 1. DEFAULT AND ENFORCEMENT OF SECURITY INTEREST"],"source_url":"https://www.revisor.mn.gov/statutes/cite/336.9-605","current_through":"2025 Minnesota Statutes","vintage":"","retrieved_at":"2026-09-02T22:10:43Z","sha256":"bc3294e0a8d770a951478e2dda8d4bc74b8c25901f779a259cacf377d259fb5d","source_id":"us-mn","stale":false,"prev":"us-mn/minn.-stat.-336.9-604","next":"us-mn/minn.-stat.-336.9-606"},"notice":"GroundRules: Original legal text. Not legal advice."}