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Section 57A-9-402 - Secured party's liability for debtor's acts or omissions.

57A-9-402. Secured party's liability for debtor's acts or omissions. 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.

Source: SL 2000, ch 231.

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