GroundRules
Wis. Stat. § 409.402: Secured party not obligated on contract of debtor or in tort.
Where this section sits in the code
- Chs. 401-411, Uniform Commercial Code
- Chapter 409 Uniform Commercial Code — Secured Transactions
- SUBCHAPTER IV RIGHTS OF 3RD 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 2026-09-05T12:01:22Z. Source file · JSON