§490:9-402 - Secured party not obligated on contract of debtor or in tort.
§490:9-402 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. [L 2000, c 241, pt of §1]