Section 9–402. 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 Massachusetts General Laws
Part I - Administration of the Government
Title XV - Regulation of Trade
Chapter 106 - Uniform Commercial Code
Article 9 - Secured Transactions
Section 9-403 - Agreement Not to Assert Defenses Against Assignee
Section 9-402 - Secured Party Not Obligated on Contract of Debtor or in Tort
Section 9-401 - Alienability of Debtor's Rights
Section 9-342 - Bank's Right to Refuse to Enter Into or Disclose Existence of Control Agreement
Section 9-341 - Bank's Rights and Duties With Respect to Deposit Account
Section 9-340 - Effectiveness of Right of Recoupment or Set-Off Against Deposit Account
Section 9-337 - Priority of Security Interests in Goods Covered by Certificate of Title
Section 9-332 - Transfer of Money; Transfer of Funds From Deposit Account
Section 9-334 - Priority of Security Interests in Fixtures and Crops
Section 9-333 - Priority of Certain Liens Arising by Operation of Law
Section 9-404 - Rights Acquired by Assignee; Claims and Defenses Against Assignee
Section 9-330 - Priority of Purchaser of Chattel Paper or Instrument
Section 9-329 - Priority of Security Interests in Letter-of-Credit Right
Section 9-328 - Priority of Security Interests in Investment Property
Section 9-336 - Commingled Goods
Section 9-405 - Modification of Assigned Contract
Section 9-516 - What Constitutes Filing; Effectiveness of Filing
Section 9-514 - Assignment of Powers of Secured Party of Record
Section 9-513 - Termination Statement
Section 9-512 - Amendment of Financing Statement
Section 9-511 - Secured Party of Record
Section 9-510 - Effectiveness of Filed Record
Section 9-509 - Persons Entitled to File a Record
Section 9-507 - Effect of Certain Events on Effectiveness of Financing Statement
Section 9-506 - Effect of Errors or Omissions
Section 9-504 - Indication of Collateral
Section 9-503 - Name of Debtor and Secured Party
Section 9-327 - Priority of Security Interests in Deposit Account
Section 9-409 - Restrictions on Assignment of Letter–of–credit Rights Ineffective
Section 9-326 - Priority of Security Interests Created by New Debtor
Section 9-320 - Buyer of Goods
Section 9-324 - Priority of Purchase-Money Security Interests
Section 9-209 - Duties of Secured Party if Account Debtor Has Been Notified of Assignment
Section 9-208 - Additional Duties of Secured Party Having Control of Collateral
Section 9-207 - Rights and Duties of Secured Party Having Possession or Control of Collateral
Section 9-206 - Security Interest Arising in Purchase or Delivery of Financial Asset
Section 9-205 - Use or Disposition of Collateral Permissible
Section 9-204 - After–acquired Property; Future Advances
Section 9-202 - Title to Collateral Immaterial
Section 9-201 - General Effectiveness of Security Agreement
Section 9-110 - Security Interests Arising Under Article 2 or 2a
Section 9-108 - Sufficiency of Description
Section 9-107 - Control of Letter-of-Credit Right
Section 9-106 - Control of Investment Property
Section 9-105 - Control of Electronic Chattel Paper
Section 9-104 - Control of Deposit Account
Section 9-103 - Purchase-Money Security Interest; Application of Payments; Burden of Establishing
Section 9-102 - Definitions and Index of Definitions
Section 9-210 - Request for Accounting; Request Regarding List of Collateral or Statement of Account
Section 9-325 - Priority of Security Interests in Transferred Collateral
Section 9-301 - Law Governing Perfection and Priority of Security Interests
Section 9-323 - Future Advances
Section 9-321 - License of General Intangible and Lessee of Goods in Ordinary Course of Business
Section 9-319 - Rights and Title of Consignee With Respect to Creditors and Purchasers
Section 9-316 - Continued Perfection of Security Interest Following Change in Governing Law
Section 9-315 - Secured Party's Rights on Disposition of Collateral and in Proceeds
Section 9-314 - Perfection by Control
Section 9-517 - Effect of Indexing Errors
Section 9-309 - Security Interest Perfected Upon Attachment
Section 9-308 - When Security Interest or Agricultural Lien Is Perfected; Continuity of Perfection
Section 9-307 - Location of Debtor
Section 9-305 - Law Governing Perfection and Priority of Security Interests in Investment Property
Section 9-304 - Law Governing Perfection and Priority of Security Interests in Deposit Accounts
Section 9-302 - Law Governing Perfection and Priority of Agricultural Liens
Section 9-520 - Acceptance and Refusal to Accept Record
Section 9-623 - Right to Redeem Collateral
Section 9-625 - Remedies for Secured Party's Failure to Comply With Article
Section 9-626 - Action in Which Deficiency or Surplus Is in Issue
Section 9-627 - Determination of Whether Conduct Was Commercially Reasonable
Section 9-701 - Effective Date
Section 9-702 - Savings Clause
Section 9-703 - Security Interest Perfected Before Effective Date
Section 9-704 - Security Interest Unperfected Before Effective Date
Section 9-705 - Effectiveness of Action Taken Before Effective Date
Section 9-707 - Amendment of Pre-Effective-Date Financing Statement
Section 9-708 - Persons Entitled to File Initial Financing Statement or Continuation Statement
Section 9-801 - Effective Date
Section 9-802 - Savings Clause
Section 9-803 - Security Interest Perfected Before Effective Date
Section 9-804 - Security Interest Unperfected Before Effective Date
Section 9-805 - Effectiveness of Action Taken Before Effective Date
Section 9-807 - Amendment of Pre–effective Date Financing Statement
Section 9-808 - Person Entitled to File Initial Financing Statement or Continuation Statement
Section 9-518 - Claim Concerning Inaccurate or Wrongfully Filed Record
Section 9-622 - Effect of Acceptance of Collateral
Section 9-621 - Notification of Proposal to Accept Collateral
Section 9-339 - Priority Subject to Subordination
Section 9-619 - Transfer of Record or Legal Title
Section 9-522 - Maintenance and Destruction of Records
Section 9-523 - Information From Filing Office; Sale or License of Records
Section 9-524 - Delay by Filing Office
Section 9-526 - Filing–office Rules
Section 9-602 - Waiver and Variance of Rights and Duties
Section 9-603 - Agreement on Standards Concerning Rights and Duties
Section 9-604 - Procedure if Security Agreement Covers Real Property or Fixtures
Section 9-605 - Unknown Debtor or Secondary Obligor
Section 9-606 - Time of Default for Agricultural Lien
Section 9-521 - Uniform Form of Written Financing Statement and Amendment
Section 9-607 - Collection and Enforcement by Secured Party
Section 9-618 - Rights and Duties of Certain Secondary Obligors
Section 9-617 - Rights of Transferee of Collateral
Section 9-616 - Explanation of Calculation of Surplus or Deficiency
Section 9-613 - Contents and Form of Notification Before Disposition of Collateral: General
Section 9-612 - Timeliness of Notification Before Disposition of Collateral
Section 9-611 - Notification Before Disposition of Collateral
Section 9-610 - Disposition of Collateral After Default
Section 9-609 - Secured Party's Right to Take Possession After Default