Me. Stat. tit. 11 § 9-1402

Current through 131st (2023-2024) Legislature Chapter 684

Section 9-1402 - 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. [1999, c. 699, Pt. A, §2(NEW); 1999, c. 699, Pt. A, §4(AFF).]

11 M.R.S. § 9-1402

1999, c. 699, §A2 (NEW) . 1999, c. 699, §A4 (AFF) .