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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.