Ark. Code § 4-9-402

Current with legislation from 2024 Fiscal and Special Sessions.

Section 4-9-402 - 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.

Ark. Code § 4-9-402

Acts 2001, No. 1439, § 1.