Oregon Statutes - Chapter 79 - Secured Transactions - Section 79.0402 - UCC 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. [2001 c.445 §64]

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Last modified: August 7, 2008