810 ILCS 5/9-402

Current through Public Act 103-586

Section 810 ILCS 5/9-402 - 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.

810 ILCS 5/9-402

P.A. 91-357, eff. 7/29/1999; 91-357, eff. 7/29/1999; 91-893, eff. 7/1/2001.