Current through Public Act 103-1052
Section 810 ILCS 5/9-605 - [Effective Until 1/1/2025] Unknown debtor or secondary obligorA 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. P.A. 91-893, eff. 7/1/2001.This section is set out more than once due to postponed, multiple, or conflicting amendments.