S.C. Code § 36-9-402

Current through 2024 Act No. 209.

Section 36-9-402 - 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.

S.C. Code § 36-9-402

2001 Act No. 67, Section 12; 1992 Act No. 357, Section 1; 1988 Act No. 494, Section 5; 1966 (54) 2716; 1962 Code Section 10.9-402.