La. Stat. tit. 10 § 9-402

Current with changes from the 2024 Legislative Session

Section 10:9-402 - 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.

La. R.S. § 10:9-402

Acts 1988, No. 528, §1, eff. 1/1/1990; Acts 1989, No. 135, §7, eff. 1/1/1990; Acts 1990, No. 1079, §4, eff. 9/1/1990; Acts 1991, No. 377, §4, eff. 1/1/1992; Acts 1992, No. 646, §1, eff. 7/2/1992; Acts 1995, No. 1201, §3, eff. 6/29/1995; Acts 2001, No. 128, §1, eff. 7/1/2001.