§ 36-9-402. Secured party not obligated on contract of debtor or in tort.
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/sc/title-36-commercial-code/chapter-9/commercial-code-secured-transactions/36-9-402·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 36-9-402. 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.