Secured party not obligated on contract of debtor or in tort.

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  2. Oklahoma Statutes
  3. Commercial Code
  4. Secured party not obligated on contract of debtor or in tort.

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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.

Added by Laws 2000, c. 371, § 71, eff. July 1, 2001.


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