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

Crow-Southland Joint Venture No. 1 v. North Fort Worth Bank
838 S.W.2d 720 (Court of Appeals of Texas, 1992)
29 case citations
Orix Credit Alliance, Inc. v. Omnibank, N.A.
858 S.W.2d 586 (Court of Appeals of Texas, 1993)
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United States v. Greenstreet
912 F. Supp. 224 (N.D. Texas, 1996)
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Itt Commercial Finance Corporation v. Bank of the West
166 F.3d 295 (Fifth Circuit, 1999)
17 case citations
Borg-Warner Acceptance Corp. v. Wolfe City National Bank
544 S.W.2d 947 (Court of Appeals of Texas, 1976)
17 case citations
Barr v. White Oak State Bank
677 S.W.2d 707 (Court of Appeals of Texas, 1984)
6 case citations
Stanton v. Texas Drug Co. (In Re Stanton)
254 B.R. 357 (E.D. Texas, 2000)
5 case citations
Deutsche Credit Corp. v. Lowe (In Re Torgerson Co.)
114 B.R. 899 (W.D. Texas, 1990)
3 case citations
Gulf Forge Co. v. Ellwood Quality Steels Co.
202 B.R. 238 (S.D. Texas, 1996)
2 case citations
In Re Coleman Pipe, Inc.
40 B.R. 338 (N.D. Texas, 1984)
1 case citations
ITT Commercial Finance Corp. v. Bank of the West
37 F. Supp. 2d 829 (W.D. Texas, 1996)
1 case citations
National Bank v. West Texas Wholesale Supply Co.
714 F.2d 1316 (Fifth Circuit, 1983)
1 case citations

Legislative History

Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.

Nearby Sections

15
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Bluebook (online)
Texas § 9.402, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/9.402.