California Statutes
§ 9402. — 9402. (Repealed and added by Stats. 1999, Ch. 991, Sec. 35.)
California·Code COM Commercial Code - COM·Div. 9. DIVISION 9. SECURED TRANSACTIONS·Ch. 4. CHAPTER 4. Rights of Third Parties
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.
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California § 9402. (9402. (Repealed and added by Stats. 1999, Ch. 991, Sec. 35.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
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Legislative History
Repealed and added by Stats. 1999, Ch. 991, Sec. 35.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.