GroundRules
30-9A-402: Secured party not obligated on contract of debtor.
Where this section sits in the code
- TITLE 30. TRADE AND COMMERCE
- CHAPTER 9A. UNIFORM COMMERCIAL CODE 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 impose upon a secured party liability in contract or tort for the debtor's acts or omissions.
Collected 2026-09-14T04:51:15Z. Source file · JSON