Va. Code § 8.9A-402

Current with changes from the 2024 legislative session through ch. 845

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.

Va. Code § 8.9A-402

1964, c. 219, § 8.9-317; 2000, c. 1007.

Amended by Acts 2000, § c.1007.

Amended by Acts 1964, § c. 219, § 8.9-317.