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The Laws of New York
Consolidated Laws of New York
CHAPTER 38
Uniform Commercial Code
ARTICLE 9
Secured Transactions
PART 4
Rights of Third Parties
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SECTION 9-401
Alienability of Debtor's Rights
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PART 4
Rights of Third Parties
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SECTION 9-403
Agreement Not to Assert Defenses Against Assignee
This entry was published on 2014-09-22
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SECTION 9-402
Secured Party Not Obligated on Contract of Debtor or in Tort
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 9, PART 4
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.