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2019 Alaska Statutes
Title 45. Trade and Commerce
Chapter 29. Secured Transactions
Article 4. Rights of Third Parties.
Sec. 45.29.402. Secured party not obligated on contract of debtor or in tort.
Universal Citation: AK Stat § 45.29.402 (2019)
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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