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URL:http://alisondb.legislature.state.al.us/alison/CodeOfAlabama
/1975/7-9A-402.htm
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Modified:2003-01-17 14:12:18
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Title:7-9A-402
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Body:Section 7-9A-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.

(Act 2001-481, p. 647, ยง1.)