Statutes > Arkansas Statutes > Title 4 - Business and Commercial Law > Subtitle 1 - Uniform Commercial Code > Chapter 9 - Secured Transactions > Part 4 - Rights of Third Parties > § 4-9-402 - Secured party not obligated on contract of debtor or in tort.

§ 4-9-402 - Secured party not obligated on contract of debtor or in tort.

4-9-402. 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.