P.R. Laws tit. 19, § 2302

2019-02-20 00:00:00+00

§ 2302. 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.

History —Sept. 19, 1996, No. 241, added as § 9–402 on Jan. 17, 2012, No. 21, § 11, eff. 1 year after Jan. 17, 2012.