Code of Virginia (Last Updated:July 28, 2020) |
TITLE 8.9A. Commercial Code - Secured Transactions |
PART 4. Rights of Third Parties |
SECTION 8.9A-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. 1964, c. 219, § 8.9-317; 2000, c. 1007 . |