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    • Legislation USA
    • Delaware Code
    • Title 6 - Commerce and Trade
    • Article 9. Secured Transactions
    • Part 4. Rights of Third Parties
    • § 9-402. Secured party not obligated on contract of debtor or in tort.

    Delaware Code
    Part 4. Rights of Third Parties
    § 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, tort or otherwise for the debtor's acts or omissions.

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    Structure Delaware Code

    Delaware Code

    Title 6 - Commerce and Trade

    Article 9. Secured Transactions

    Part 4. Rights of Third Parties

    § 9-401. Alienability of debtor's rights.

    § 9-402. Secured party not obligated on contract of debtor or in tort.

    § 9-403. Agreement not to assert defenses against assignee.

    § 9-404. Rights acquired by assignee; claims and defenses against assignee.

    § 9-405. Modification of assigned contract.

    § 9-406. 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.

    § 9-407. Restrictions on creation or enforcement of security interest in leasehold interest or in lessor's residual interest.

    § 9-408. Restrictions on assignment of promissory notes, health-care-insurance receivables, and certain general intangibles ineffective.

    § 9-409. Restrictions on assignment of letter-of-credit rights ineffective.

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