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2020 Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-9 Secured Transactions
Section 6A-9-402 Secured party not obligated on contract of debtor or in tort.
Universal Citation:
RI Gen L § 6A-9-402 (2020)
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§ 6A-9-402. 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.
History of Section.
(P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.)
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