N.D. Cent. Code § 41-09-64

Current through the 2023 Legislative Sessions

Section 41-09-64 - (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.

N.D.C.C. § 41-09-64