California Commercial Code — Secured Transactions — Rights Of Third Parties — Secured party not obligated on contract of debtor or in tort

  • Date:

Current through the 2016 Legislative Session

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.

Ca. Com. Code § 9402
EFFECTIVE 7/01/2001. Added October 10, 1999 (Bill Number: SB 45) (Chapter 991).
SECTIONS