70A-9a-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.
Enacted by Chapter 252, 2000 General Session
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Last revised: Thursday, May 28, 2009