Tex. Bus. & Com. Code § 9.402 · Subchapter D. RIGHTS OF THIRD PARTIES
SECURED PARTY NOT OBLIGATED ON CONTRACT OF DEBTOR OR IN TORT.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
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.
Notes and commentary — not statutory text
History
Amended by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. July 1, 2001.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/BC/htm/BC.9.htm
- Text hash
- sha256 1e8bee6fb2640b749fa973fab3d0cf30c1a0ea399510b6077500796f755d5092
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.