Louisiana Statutes
§ 10:9-402 — Secured party not obligated on contract of debtor or in tort
Louisiana·Title 10 Commercial Laws
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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Louisiana § 10:9-402 (Secured party not obligated on contract of debtor or in tort) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Gloria's Ranch, L.L.C. v. Tauren Exploration, Inc., Cubic Energy, Inc., Wells Fargo Energy Capital, Inc., and Exco USA Asset, Inc.
252 So. 3d 431 (Supreme Court of Louisiana, 2018)
Gulfco Finance Co. v. Boyd
702 So. 2d 342 (Louisiana Court of Appeal, 1997)
Chiasson v. Chaparral Steel Co. (In Re Confabco, Inc.)
178 B.R. 421 (E.D. Louisiana, 1995)
Legislative History
Acts 1988, No. 528, §1, eff. Jan. 1, 1990; Acts 1989, No. 135, §7, eff. Jan. 1, 1990; Acts 1990, No. 1079, §4, eff. Sept. 1, 1990; Acts 1991, No. 377, §4, eff. Jan. 1, 1992; Acts 1992, No. 646, §1, eff. July 2, 1992; Acts 1995, No. 1201, §3, eff. June 29, 1995; Acts 2001, No. 128, §1, eff. July 1, 2001.
Nearby Sections
15
§ 10:9-101
§ 10:9-101§ 10:9-102
Definitions and index of definitions§ 10:9-104
Control of deposit account§ 10:9-106
Control of investment property§ 10:9-107
Control of letter-of-credit right§ 10:9-107.1
Control over life insurance policy§ 10:9-107.2
Control conditioned on default§ 10:9-108
Sufficiency of description§ 10:9-109
Scope§ 10:9-201
§ 10:9-201§ 10:9-202
Title to collateral immaterial