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    • Legislation USA
    • Code of Virginia
    • Title 8.9A - Commercial Code - Secured Transactions
    • Sections
    • § 8.9A-402. Secured party not obligated on contract of debtor or in tort

    Code of Virginia
    Sections
    § 8.9A-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.
    1964, c. 219, § 8.9-317; 2000, c. 1007.

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    Structure Code of Virginia

    Code of Virginia

    Title 8.9A - Commercial Code - Secured Transactions

    Sections

    § 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-406. Discharge of account debtor; notification of assignment; identification and proof of assignment; restrictions on assignment of accounts, chattel paper, payment intangibles, and promissory notes ineffective

    § 8.9A-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest

    § 8.9A-408. Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective

    § 8.9A-409. Restrictions on assignment of letter-of-credit rights ineffective

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