Md. Code, Com. § 9-402

Current with changes from the 2024 Legislative Session

Section 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.

Md. Code, CL § 9-402