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Statutes > Alaska Laws > Title 45 - TRADE AND COMMERCE > Chapter 45.29. - SECURED TRANSACTIONS > Article 04 - RIGHTS OF THIRD PARTIES > Sec. 45.29.402. - Secured party not obligated on contract of debtor or in tort.

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ALASKA STATUTES AND CODES

Sec. 45.29.402. - 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.

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