Tex. Bus. & Com. Code § 9.402

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 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.

Tex. Bus. and Comm. Code § 9.402

Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. 7/1/2001.