Statutes, codes, and regulations
Indiana Code
Title 26 - COMMERCIAL LAWArticle 1 - UNIFORM COMMERCIAL CODE
Chapter 9.1 - SECURED TRANSACTIONS
Section 26-1-9.1-402 - Secured party not obligated on contract of debtor or in tort

Ind. Code § 26-1-9.1-402

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Current through P.L. 171-2024
Section 26-1-9.1-402 - 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.

IC 26-1-9.1-402

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