{"data":{"id":"us-nc/n.c.-gen.-stat.-25-9-402","jurisdiction":"us-nc","citation":"N.C. Gen. Stat. § 25-9-402","heading":"Secured party not obligated on contract of debtor or in tort.","body":"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. (1961, c. 574; 1965, c. 700, s. 1; 1975, c. 862, s. 7; 2000-169, s. 1.)","path":["Chapter 25. Uniform Commercial Code.","Article 9. Secured Transactions.","Part 4. Rights of Third Parties."],"source_url":"https://www.ncleg.gov/EnactedLegislation/Statutes/HTML/BySection/Chapter_25/GS_25-9-402.html","current_through":"S.L. 2026-30","vintage":"","retrieved_at":"2026-08-27T17:58:47Z","sha256":"60c88d52024f760e8ff27dd89b936a04689a1412cb54f81061bf276549488647","source_id":"us-nc","stale":false,"prev":"us-nc/n.c.-gen.-stat.-25-9-401","next":"us-nc/n.c.-gen.-stat.-25-9-403"},"notice":"GroundRules: Original legal text. Not legal advice."}