GroundRules
Minn. Stat. § 336.9-402: SECURED PARTY NOT OBLIGATED ON CONTRACT OF DEBTOR OR IN TORT.
Where this section sits in the code
- TRADE REGULATIONS, CONSUMER PROTECTION
- CHAPTER 336. UNIFORM COMMERCIAL CODE
- SUBPART 4. RIGHTS OF BANK
- 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 2026-09-02T22:10:43Z. Source file · JSON