Michigan Compiled Laws
174-1962-9-6-1. - Subpart 1. Default and Enforcement of Security Interest (440.9601...440.9624)
Section 440.9605 - Unknown Debtor or Secondary Obligor.

Sec. 9605.
A secured party does not owe a duty based on its status as secured party to either of the following:
(a) To a person that is a debtor or obligor, unless the secured party knows all of the following:
(i) That the person is a debtor or obligor.
(ii) The identity of the person.
(iii) How to communicate with the person.
(b) To a secured party or lienholder that has filed a financing statement against a person, unless the secured party knows both of the following:
(i) That the person is a debtor.
(ii) The identity of the person.
History: Add. 2000, Act 348, Eff. July 1, 2001

Structure Michigan Compiled Laws