Indiana Statutes
§ 26-1-9.1-402 — Secured party not obligated on contract of debtor or in tort
Indiana § 26-1-9.1-402
This text of Indiana § 26-1-9.1-402 (Secured party not obligated on contract of debtor or in tort) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 26-1-9.1-402 (2026).
Text
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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Legislative History
As added by P.L.57-2000, SEC.45.
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
SeverabilityCite This Page — Counsel Stack
Bluebook (online)
Indiana § 26-1-9.1-402, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-9.1-402.