§ 9402
40 words·~1 min read·
/ca/commercial-code/9402A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not subject a secured party to liability in contract or tort for the debtor’s acts or omissions.