Secured party not obligated on contract of debtor or in tort

Wis. Stat. § 409.402
in effect
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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.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/409.402Fetched: 10/7/2026