Arizona Revised Statutes § 47-9402 Secured Party Not Obligated On Contract Of Debtor Or In Tort

47-9402. 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.

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Last modified: October 13, 2016