Tex. Business & Commerce Code § 9.402: SECURED PARTY NOT OBLIGATED ON CONTRACT OF DEBTOR OR IN TORT.
Where this section sits in the code
- BUSINESS AND COMMERCE CODE
- TITLE 1. UNIFORM COMMERCIAL CODE
- CHAPTER 9. SECURED TRANSACTIONS
- SUBCHAPTER D. 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.
Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.
Collected 2026-08-27T01:46:56Z. Source file · JSON