{"data":{"id":"us-sd/sdcl-57a-9-605","jurisdiction":"us-sd","citation":"SDCL § 57A-9-605","heading":"Unknown debtor or secondary obligor.","body":"(a) 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) 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.\nSource: SL 2000, ch 231; SL 2024, ch 198, § 81.","path":["TITLE 57A. UNIFORM COMMERCIAL CODE","CHAPTER 57A-9. SECURED TRANSACTIONS"],"source_url":"https://sdlegislature.gov/Statutes/57A-9-605","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"438ccce141f1351712d8144fe4df4e9c58fa6549dfd9db2bd31e878b093550fd","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-57a-9-604","next":"us-sd/sdcl-57a-9-606"},"notice":"GroundRules: Original legal text. Not legal advice."}