26-1-9.1-402. Secured party not obligated on contract of debtor or in tort

IN Code § 26-1-9.1-402 (2019) (N/A)
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Sec. 402. 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.

As added by P.L.57-2000, SEC.45.