State Codes and Statutes
Statutes > Alabama > Title7 > Article9A > 7-9A-402Section 7-9A-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.
(Act 2001-481, p. 647, §1.)