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December 22, 2024 Clear | 14°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XV REGULATION OF TRADE
  4. Chapter 106 UNIFORM COMMERCIAL CODE
  5. Article 9 SECURED TRANSACTIONS
  6. Section 9-402 Secured Party Not Obligated On Contract Of Debtor Or In Tort

Section 9-402

Section 9-402: Secured Party Not Obligated On Contract Of Debtor Or In Tort

Section 9–402. 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.