Idaho Code
Part 4 - RIGHTS OF THIRD PARTIES
Section 28-9-402 - SECURED PARTY NOT OBLIGATED ON CONTRACT OF DEBTOR OR IN TORT.

28-9-402. 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.

History:
[28-9-402, added 2001, ch. 208, sec. 2, p. 756.]

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Structure Idaho Code

Idaho Code

Title 28 - COMMERCIAL TRANSACTIONS

Chapter 9 - SECURED TRANSACTIONS

Part 4 - RIGHTS OF THIRD PARTIES

Section 28-9-401 - ALIENABILITY OF DEBTOR’S RIGHTS.

Section 28-9-402 - SECURED PARTY NOT OBLIGATED ON CONTRACT OF DEBTOR OR IN TORT.

Section 28-9-403 - AGREEMENT NOT TO ASSERT DEFENSES AGAINST ASSIGNEE.

Section 28-9-404 - RIGHTS ACQUIRED BY ASSIGNEE — CLAIMS AND DEFENSES AGAINST ASSIGNEE.

Section 28-9-405 - MODIFICATION OF ASSIGNED CONTRACT.

Section 28-9-406 - 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.

Section 28-9-407 - RESTRICTIONS ON CREATION OR ENFORCEMENT OF SECURITY INTEREST IN LEASEHOLD INTEREST OR IN LESSOR’S RESIDUAL INTEREST.

Section 28-9-408 - RESTRICTIONS ON ASSIGNMENT OF PROMISSORY NOTES, HEALTH CARE INSURANCE RECEIVABLES, AND CERTAIN GENERAL INTANGIBLES INEFFECTIVE.

Section 28-9-409 - RESTRICTIONS ON ASSIGNMENT OF LETTER OF CREDIT RIGHTS INEFFECTIVE.