Section 45.29.402. Secured party not obligated on contract of debtor or in tort.

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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.

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(Sec. 1 ch 113 SLA 2000)

                    
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