New York 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.

Last modified: February 3, 2019