State Codes and Statutes

Statutes > Georgia > Title-11 > Article-9 > Part-4 > 11-9-402

O.C.G.A. 11-9-402 (2010)
11-9-402. 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.

State Codes and Statutes

Statutes > Georgia > Title-11 > Article-9 > Part-4 > 11-9-402

O.C.G.A. 11-9-402 (2010)
11-9-402. 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.

State Codes and Statutes

State Codes and Statutes

Statutes > Georgia > Title-11 > Article-9 > Part-4 > 11-9-402

O.C.G.A. 11-9-402 (2010)
11-9-402. 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.