62A.9A-402 - Secured party not obligated on contract of debtor or in tort.

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.

[2000 c 250 § 9A-402.]