Section 1309.402 | Secured party not obligated on contract of debtor or in tort - UCC 9-402.
Effective:
July 1, 2001
Latest Legislation:
Senate Bill 74 - 124th General Assembly
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.
Available Versions of this Section
- July 1, 2001 – Senate Bill 74 - 124th General Assembly [ View July 1, 2001 Version ]