§ 6A-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 of Section.P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-9 - Secured Transactions
Part 4 - Rights of Third Parties
Section 6A-9-401. - Alienability of debtor’s rights.
Section 6A-9-402. - Secured party not obligated on contract of debtor or in tort.
Section 6A-9-403. - Agreement not to assert defenses against assignee.
Section 6A-9-404. - Rights acquired by assignee; claims and defenses against assignee.
Section 6A-9-405. - Modification of assigned contract.
Section 6A-9-409. - Restrictions on assignment of letter-of-credit rights ineffective.