GroundRules
Iowa Code § 554.9402: Secured party not obligated on contract of debtor or in tort.
Where this section sits in the code
- Title XIII - COMMERCE (Ch. 505 - 554I)
- Chapter 554 - UNIFORM COMMERCIAL CODE
- Article 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 2026-09-14T19:40:15Z. Source file · JSON