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2022 Iowa Code
Title XIII - COMMERCE
Chapter 554 - UNIFORM COMMERCIAL CODE
Section 554.9402 - Secured party not obligated on contract of debtor or in tort.
Universal Citation: IA Code § 554.9402 (2022)
554.9402 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.
2000 Acts, ch 1149, §64, 185, 187
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