§7-9A-402. Secured party not obligated on contract of debtor or in tort.

Latest version.

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.

(Act 2001-481, p. 647, §1.)

                    
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