810 ILCS 5/9-402: Secured party not obligated on contract of debtor or in tort.
Where this section sits in the code
- CHAPTER 810 COMMERCIAL CODE
- Uniform Commercial Code.
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 2026-09-15T04:46:47Z. Source file · JSON