Unknown debtor or secondary obligor

Wis. Stat. § 409.605, under UNIFORM COMMERCIAL CODE — SECURED TRANSACTIONS.

Wis. Stat. § 409.605

409.605 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. History: 2001 a. 10.