§490:9-112 Where collateral is not owned by debtor. 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 490:9-502(2) or under section 490:9-504(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 490:9-208;
(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 490:9-505;
(c) To redeem the collateral under section 490:9-506;
(d) To obtain injunctive or other relief under section 490:9-507(1); and
(e) To recover losses caused to him under section 490:9-208(2). [L 1965, c 208, §9-112; HRS §490:9-112]