South Carolina Statutes
§ 36-9-402 — Secured party not obligated on contract of debtor or in tort.
South Carolina § 36-9-402
This text of South Carolina § 36-9-402 (Secured party not obligated on contract of debtor or in tort.) is published on Counsel Stack Legal Research, covering South Carolina primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.C. Code Ann. § 36-9-402 (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.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
HISTORY: 1962 Code SECTION 10.9-402; 1966 (54) 2716; 1988 Act No. 494, SECTION 5; 1992 Act No. 357, SECTION 1; 2001 Act No. 67, SECTION 12.
Nearby Sections
15
§ 36-9-101
Short title.§ 36-9-102
Definitions and index of definitions.§ 36-9-104
Control of deposit account.§ 36-9-106
Control of investment property.§ 36-9-107
Control of letter-of-credit right.§ 36-9-108
Sufficiency of description.§ 36-9-109
Scope.§ 36-9-111
UCC lien satisfaction.§ 36-9-202
Title to collateral immaterial.Cite This Page — Counsel Stack
Bluebook (online)
South Carolina § 36-9-402, Counsel Stack Legal Research, https://law.counselstack.com/statute/sc/36-9-402.