BlackletterCalifornia law

Commercial Code § 9402

CHAPTER 4. Rights of Third Parties

Current as of September 28, 2026Com. Code, § 9402Official source ↗Ask about this

Repealed and added by Stats. 1999, Ch. 991, Sec. 35. Effective January 1, 2000. Operative July 1, 2001, by Sec. 75 of Ch. 991 and Section 9701.

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.