Texas Statutes
§ 9.402 — SECURED PARTY NOT OBLIGATED ON CONTRACT OF DEBTOR OR IN TORT.
Texas § 9.402
JurisdictionTexas
Code BCBusiness & Commerce Code
This text of Texas § 9.402 (SECURED PARTY NOT OBLIGATED ON CONTRACT OF DEBTOR OR IN TORT.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Business & Commerce Code Code Ann. § 9.402 (2026).
Text
Sec. 9.402. SECURED PARTY NOT OBLIGATED ON CONTRACT OF DEBTOR OR IN TORT. 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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Related
In Re Cynthia K. McBee D/B/A Oak Hill Gun Shop, Debtor. National Bank of Texas v. West Texas Wholesale Supply Company v. Republicbank-Austin, Appellee-Appellant
714 F.2d 1316 (Fifth Circuit, 1983)
Ronald J. Sommers v. International Business MacHines and West Publishing Company, Defendants
640 F.2d 686 (Fifth Circuit, 1981)
Crow-Southland Joint Venture No. 1 v. North Fort Worth Bank
838 S.W.2d 720 (Court of Appeals of Texas, 1992)
Orix Credit Alliance, Inc. v. Omnibank, N.A.
858 S.W.2d 586 (Court of Appeals of Texas, 1993)
United States v. Greenstreet
912 F. Supp. 224 (N.D. Texas, 1996)
Itt Commercial Finance Corporation v. Bank of the West
166 F.3d 295 (Fifth Circuit, 1999)
Borg-Warner Acceptance Corp. v. Wolfe City National Bank
544 S.W.2d 947 (Court of Appeals of Texas, 1976)
Barr v. White Oak State Bank
677 S.W.2d 707 (Court of Appeals of Texas, 1984)
Stanton v. Texas Drug Co. (In Re Stanton)
254 B.R. 357 (E.D. Texas, 2000)
Deutsche Credit Corp. v. Lowe (In Re Torgerson Co.)
114 B.R. 899 (W.D. Texas, 1990)
Gulf Forge Co. v. Ellwood Quality Steels Co.
202 B.R. 238 (S.D. Texas, 1996)
Sommers v. International Business Machines (In re Legal Cooperatives, Inc.)
5 B.R. 382 (S.D. Texas, 1980)
In Re Coleman Pipe, Inc.
40 B.R. 338 (N.D. Texas, 1984)
ITT Commercial Finance Corp. v. Bank of the West
37 F. Supp. 2d 829 (W.D. Texas, 1996)
National Bank v. West Texas Wholesale Supply Co.
714 F.2d 1316 (Fifth Circuit, 1983)
ITT Cmercl Fin Corp v. Bank of the West
(Fifth Circuit, 1999)
Legislative History
Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.
Nearby Sections
15
§ 9.101
SHORT TITLE.§ 9.104
CONTROL OF DEPOSIT ACCOUNT.§ 9.1071
CONTROL OF VIRTUAL CURRENCY.§ 9.108
SUFFICIENCY OF DESCRIPTION.§ 9.109
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Bluebook (online)
Texas § 9.402, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/9.402.