Section 57A-9-402 - Secured party's liability for debtor's acts or omissions.
57A-9-402. Secured party's liability for debtor's acts or omissions. 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.
Source: SL 2000, ch 231.