§12A-1-9-402. Secured party not obligated on contract of debtor or
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/ok/title-12a-uniform-commercial-code/12a-1-9-402·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
in tort.
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. Added by Laws 2000, c. 371, § 71, eff. July 1, 2001.