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Code · Illinois · Chapter 810 — COMMERCIAL CODE · Act 5

Sec. 9-402. Secured party not obligated on contract of debtor or in tort.

53 words·~1 min read·/il/chapter-810/act-5/9-402

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Sec. 9-402. Secured party not obligated on contract of debtor or in tort. 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.
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