Ohio Revised Code § 1309.402 - Secured Party Not Obligated On Contract Of Debtor Or In Tort - Ucc 9-402.

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.

Effective Date: 07-01-2001

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Last modified: October 10, 2016