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.
(Code 1981, §11-9-402, enacted by Ga. L. 2001, p. 362, § 1.)
RESEARCH REFERENCES
Am. Jur. 2d.
- 68A Am. Jur. 2d, Secured Transactions, §§ 510, 554, 926-930.
C.J.S.- 77A C.J.S., Sales, § 291.
U.L.A.- Uniform Commercial Code (U.L.A.) § 9-402.