§6A-9-402  Secured party not obligated on contract of debtor or in tort. –

Link to law: http://webserver.rilin.state.ri.us/Statutes/TITLE6A/6A-9/6A-9-402.HTM
Published: 2015

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TITLE 6A

Uniform Commercial Code

CHAPTER 6A-9

Secured Transactions

PART 6A-9-401

Rights of Third Parties

SECTION 6A-9-402



   § 6A-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.



History of Section.

(P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.)