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: 1978 Comp., § 55-9-402, enacted by Laws 2001, ch. 139, § 64.