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Mich. Comp. Laws § 440.9402

Secured party not obligated on contract of debtor or in tort.

Michigan · Michigan Compiled Laws — UNIFORM COMMERCIAL CODE (Act 174 of 1962) · Status: effective

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Mich. Comp. Laws § 440.9402, Secured party not obligated on contract of debtor or in tort, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1362264
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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.