There is a newer version of the Maine Revised Statutes
2023
2022
2021
2020
2019
Other previous versions
View our newest version here

2013 Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 9-A: TRANSACTIONS
11 §9-1402. Secured party not obligated on contract of debtor or in tort


ME Rev Stat § 9-1402 (2013 through 126th 1st Sp Sess) What's This?

Part 4: RIGHTS OF 3RD PARTIES

9-1402. 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. [1999, c. 699, Pt. A, 2 (NEW); 1999, c. 699, Pt. A, 4 (AFF).]

SECTION HISTORY

1999, c. 699, A2 (NEW). 1999, c. 699, A4 (AFF).

Disclaimer: These codes may not be the most recent version. Maine may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.