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§12A-9-112.
§12A-9-112.
Unless otherwise agreed, when a secured party knows that collateral is
owned by a person who is not the debtor, the owner of the collateral
is entitled to receive from the secured party any surplus under
Section 9-502(2) or under Section 9-504(1), and is not liable for the
debt or for any deficiency after resale, and he has the same right as
the debtor
(a) to receive statements under Section 9-208;
(b) to receive notice of and to object to a secured party's proposal
to retain the collateral in satisfaction of the indebtedness under
Section 9-505;
(c) to redeem the collateral under Section 9-506;
(d) to obtain injunctive or other relief under Section 9-507(1); and
(e) to recover losses caused to him under Section 9-208(2).
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