Mont. Code § 30-9A-402

Current through the 2023 Regular Session

Section 30-9A-402 - Secured party not obligated on contract of debtor

The existence of a security interest, agricultural lien, or authority given to a debtor to dispose of or use collateral, without more, does not impose upon a secured party liability in contract or tort for the debtor's acts or omissions.

§ 30-9A-402, MCA

En. Sec. 63, Ch. 305, L. 1999; Sec. 30-9-442, MCA 1999; redes. 30-9A-402 by Code Commissioner, 2001.