GroundRules
Ark. Code Ann. § 4-9-402: Secured party not obligated on contract of debtor or in tort.
Where this section sits in the code
- Title 4 Business and Commercial Law
- Subtitle 1. Uniform Commercial Code
- Chapter 9 Secured Transactions
- Part 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 2026-09-17T21:07:03Z. Source file · JSON