§ 9402. 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.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 94 - Rights of Third Parties
Section 9401 - Alienability of debtor's rights
Section 9402 - Secured party not obligated on contract of debtor or in tort
Section 9403 - Agreement not to assert defenses against assignee
Section 9404 - Rights acquired by assignee; claims and defenses against assignee
Section 9405 - Modification of assigned contract
Section 9409 - Restrictions on assignment of letter-of-credit rights ineffective