70A-9a-402 - Secured party not obligated on contract of debtor or in tort.
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 todispose of or use collateral, without more, does not subject a secured party to liability in contractor tort for the debtor's acts or omissions.
Enacted by Chapter 252, 2000 General Session