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.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Chapter 9 - Secured Transactions
Part 4 - Rights of Third Parties
§ 4-9-401. Alienability of debtor's rights
§ 4-9-402. Secured party not obligated on contract of debtor or in tort
§ 4-9-403. Agreement not to assert defenses against assignee
§ 4-9-404. Rights acquired by assignee — Claims and defenses against assignee
§ 4-9-405. Modification of assigned contract
§ 4-9-409. Restrictions on assignment of letter-of-credit rights ineffective