There Is a Newer Version of the Vermont Statutes
  1. 2025 Vermont Stat.
  2. 2024 Vermont Stat.
  3. 2023 Vermont Stat.
  4. 2012 Vermont Stat. (here)
  5. View All Versions
View Our Newest Version Here

2012 Vermont Statutes
Title 09A Uniform Commercial Code
Article 9 SECURED TRANSACTIONS
§ 402 Secured party not obligated on contract of debtor or in tort


9A V.S.A. § 9-402. What's This?

§ 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. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001.)

Disclaimer: These codes may not be the most recent version. Vermont 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.