N.Y. Uniform Commercial Code Law Section 9-402
Secured Party Not Obligated on Contract of Debtor or in Tort

Section 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.

Source: Section 9-402 — Secured Party Not Obligated on Contract of Debtor or in Tort, https://www.­nysenate.­gov/legislation/laws/UCC/9-402 (updated Sep. 22, 2014; accessed Apr. 27, 2024).

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Accessed:
Apr. 27, 2024

Last modified:
Sep. 22, 2014

§ 9-402’s source at nysenate​.gov

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