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Searching 2021-2022 Session

The Vermont Statutes Online

 

Title 9A : Uniform Commercial Code

Article 009 : Secured Transactions

(Cite as: 9A V.S.A. § 9-605)
  • § 9-605. Unknown debtor or secondary obligor

    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. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)