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    • Legislation USA
    • New York Laws
    • UCC - Uniform Commercial Code
    • Article 9 - Secured Transactions
    • Part 4 - Rights of Third Parties
    • 9-402 - Secured Party Not Obligated on Contract of Debtor or in Tort

    New York Laws
    Part 4 - Rights of Third Parties
    9-402 - Secured Party Not Obligated on Contract of Debtor or in Tort


    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.

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    Structure New York Laws

    New York Laws

    UCC - Uniform Commercial Code

    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

    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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