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. HISTORY: 1962 Code Section 10.9-402; 1966 (54) 2716; 1988 Act No. 494, Section 5; 1992 Act No. 357, Section 1; 2001 Act No. 67, Section 12.
South Carolina Legal Code