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Code · Utah · Title 70A — Uniform Commercial Code · Chapter 9A

70A-9a-402. Secured party not obligated on contract of debtor or in tort.

60 words·~1 min read·/ut/title-70a/chapter-9a/70a-9a-402·

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70A-9a-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.
Enacted by Chapter 252 , 2000 General Session
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