TITLE XXXIV-A
UNIFORM COMMERCIAL CODE

CHAPTER 382-A
UNIFORM COMMERCIAL CODE

ARTICLE 9
SECURED TRANSACTIONS

Part 1
General Provisions

Short Title, Definitions, and General Concepts

Section 382-A:9-107B

    382-A:9-107B No Requirement to Acknowledge or Confirm; No Duties. –
(a) No requirement to acknowledge. A person that has control under Section 9-104 or 9-105 is not required to acknowledge that it has control on behalf of another person.
(b) No duties or confirmation. If a person acknowledges that it has or will obtain control on behalf of another person, unless the person otherwise agrees or law other than this article otherwise provides, the person does not owe any duty to the other person and is not required to confirm the acknowledgment to another person.

Source. 2022, 281:54, eff. Jan. 1, 2023. 2023, 236:35, 94, eff. Oct. 7, 2023.