409.605 Unknown debtor or secondary obligor. - Wisconsin Statutes

409.605

409.605 Unknown debtor or secondary obligor. A secured party does not owe a duty based on its status as secured party:

409.605(1)

(1) To a person that is a debtor or obligor, unless the secured party knows:

409.605(1)(a)

(a) That the person is a debtor or obligor;

409.605(1)(b)

(b) The identity of the person; and

409.605(1)(c)

(c) How to communicate with the person; or

409.605(2)

(2) To a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows:

409.605(2)(a)

(a) That the person is a debtor; and

409.605(2)(b)

(b) The identity of the person.

409.605 - ANNOT.

History: 2001 a. 10.