(810 ILCS 5/9-402)
(from Ch. 26, par. 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
to dispose of or use collateral, without more, does not subject a secured party
liability in contract or tort for the debtor's acts or omissions.
(Source: P.A. 91-357, eff. 7-29-99; 91-893, eff. 7-1-01.)