Vt. Stat. tit. 9A § 9-402

Current through L. 2024, c. 102.

Section 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.

9A V.S.A. § 9-402

Added 1999, No. 106 (Adj. Sess.), § 2, eff. 7/1/2001.