Mass. Gen. Laws ch. 106 § 9-402

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session

Section 106:9-402 - 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.

Mass. Gen. Laws ch. 106, § 9-402

Added by Acts 2013, c. 30,§ 75, eff. 7/1/2013.

Former § 106:9-402 has been renumbered as § 9-403 by Acts 2013, c. 30,§ 75, eff. 7/1/2013