N.M. Stat. § 55-9-402

Current through 2024, ch. 69

Section 55-9-402 - 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.

NMS § 55-9-402

1978 Comp., § 55-9-402, enacted by Laws 2001, ch. 139, § 64.