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.
1964, c. 219, § 8.9-317; 2000, c. 1007.
Structure Code of Virginia
Title 8.9A - Commercial Code - Secured Transactions
§ 8.9A-401. Alienability of debtor's rights
§ 8.9A-402. Secured party not obligated on contract of debtor or in tort
§ 8.9A-403. Agreement not to assert defenses against assignee
§ 8.9A-404. Rights acquired by assignee; claims and defenses against assignee
§ 8.9A-405. Modification of assigned contract
§ 8.9A-409. Restrictions on assignment of letter-of-credit rights ineffective