Statutes, codes, and regulations
Kentucky Revised Statutes
Title 29 - COMMERCE AND TRADEChapter 355 - UNIFORM COMMERCIAL CODEArticle 355.9 - SECURED TRANSACTIONS - SALES OF ACCOUNTS, CONTRACT RIGHTS, AND CHATTEL PAPER
Part 4 - RIGHTS OF THIRD PARTIES
Section 355.9-402 - Secured party not obligated on contract of debtor or in tort

Ky. Rev. Stat. § 355.9-402

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Current through Acts Received April 24, 2024
Section 355.9-402 - 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.

KRS 355.9-402

Effective:7/1/2001
Repealed and reenacted 2000, Ky. Acts ch. 408, sec. 84, effective7/1/2001. -- Amended 1998, Ky. Acts ch. 542, sec. 4, effective 7/15/1998. -- Amended 1988 Ky. Acts ch. 132, sec. 8, effective 3/31/1988. -- Amended 1986 Ky. Acts ch. 118, sec. 75, effective 7/1/1987. -- Amended 1968 Ky. Acts ch. 193. --Amended 1966 Ky. Acts ch. 259, sec. 1. -- Amended 1962 Ky. Acts ch. 83, sec. 10. -- Created 1958 Ky. Acts ch. 77, sec. 9-402.