Secured party not obligated on contract of debtor or in tort

O.C.G.A. § 11-9-402, under RIGHTS OF THIRD PARTIES.

O.C.G.A. § 11-9-402

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. Code 1981, § 11-9-402, enacted by Ga. L. 2001, p. 362, § 1.