Secured party not obligated on contract of debtor or in tort

4-9-402. 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. Source: L. 2001: Entire article R&RE, p. 1371, � 1, effective July 1. Editor's note: This section is similar to former � 4-9-317 as it existed prior to 2001.