Section 440.9402 – Secured Party Not Obligated on Contract of Debtor or in Tort.
440.9402 Secured party not obligated on contract of debtor or in tort. Sec. 9402. 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: […]