GroundRules
AS 45.29.402: Secured party not obligated on contract of debtor or in tort.
Where this section sits in the code
- Title 45. Trade and Commerce.
- Chapter 29. Secured Transactions.
- Article 4. Rights of Third Parties.
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.
Collected 2026-09-02T06:19:44Z. Source file · JSON