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 Maryland Statutes
Title 9 - Secured Transactions
Subtitle 4 - Rights of Third Parties
Section 9-401 - Alienability of Debtor's Rights
Section 9-402 - Secured Party Not Obligated on Contract of Debtor or in Tort
Section 9-403 - Agreement Not to Assert Defenses Against Assignee
Section 9-404 - Rights Acquired by Assignee; Claims and Defenses Against Assignee
Section 9-405 - Modification of Assigned Contract
Section 9-409 - Restrictions on Assignment of Letter-of-Credit Rights Ineffective