N.Y. U.C.C. Law § 9-402

Current through 2024 NY Law Chapter 456

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.

N.Y. U.c.c. Law § 9-402