400.9-402. Secured party not obligated on contract of debtor or in tort. - Missouri Statutes

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

400.9-402. The existence of a security interest, agricultural lien,or authority given to a debtor to dispose of or use collateral, withoutmore, does not subject a secured party to liability in contract or tort forthe debtor's acts or omissions.

(L. 1963 p. 503 § 9-402, A.L. 1965 p. 595, A.L. 1988 S.B. 583, A.L. 1995 S.B. 215, A.L. 1997 S.B. 6, A.L. 2001 S.B. 288)

Effective 7-01-01