Laws of New York (Last Updated: November 21, 2014) |
UCC Uniform Commercial Code |
Article 9. SECURED TRANSACTIONS |
Part 4. RIGHTS OF THIRD PARTIES |
Section 9--402. Secured Party Not Obligated on Contract of Debtor or in Tort
Latest version.
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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.