Sec. 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. Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.
Secured Party Not Obligated On Contract of Debtor Or In Tort
Tex. Business and Commerce Code § 9.402, under Chapter 9.
Tex. Business and Commerce Code § 9.402