Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 9-402 — Secured Party Not Obligated on Contract of Debtor or in Tort
N.Y. U.C.C. Law § 9-402
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
Section 9--402. Secured Party Not Obligated on Contract of Debtor or in
Citator
N.Y. U.C.C. Law § 9-402 — Secured Party Not Obligated on Contract of Debtor or in Tort is in force in the current edition of the Code, and nothing recorded condemns it.
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.