Cite as: 80 CNCA § 9-402

Secured Party Not Obligated on Contract of Debtor or in Tort

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.

Historical Data

LA 26–03, eff. October 2, 2003.