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 36-9-502(2) or under Section 36-9-504(1), and is not liable for the debt or for any deficiency after resale, and he has the same right as the debtor:

1. (a) to receive statements under Section 36-9-208;
2. (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 36-9-505;
3. (c) to redeem the collateral under Section 36-9-506;
4. (d) to obtain injunctive or other relief under Section 36-9-507(1);
5. (e) to recover losses caused to him under Section 36-9-208(2).