Alaska Statutes.
Title 45. Trade and Commerce
Chapter 29. Secured Transactions
Section 402. Secured Party Not Obligated On Contract of Debtor or in Tort.
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AS 45.29.402. 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.

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