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§ 57A-9-605 Duty of secured party to unknown debtor or obligor or unknown secured party or lienholder.

SD Codified L § 57A-9-605 (2019) (N/A)
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57A-9-605. Duty of secured party to unknown debtor or obligor or unknown secured party or lienholder. 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.Source: SL 2000, ch 231.

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§ 57A-9-604 Procedure if obligation secured by security interest in personal property or fixtures is also secured by interest in real property.
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