GEORGIA CODE (Last Updated: August 20, 2013) |
Title 11. COMMERCIAL CODE |
Article 9. SECURED TRANSACTIONS |
Part 4. RIGHTS OF THIRD PARTIES |
Section 11-9-402. Secured party not obligated on contract of debtor or in tort.
Latest version.
- 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.