47-9209. Duties of secured party if account
debtor has been notified of assignment


A. Except as otherwise provided in subsection C of this section, this section
applies if:


1. There is no outstanding secured obligation; and


2. The secured party is not committed to make advances, incur obligations or
otherwise give value.


B. Within ten days after receiving an authenticated demand by the debtor, a secured
party shall send to an account debtor that has received notification of an assignment to
the secured party as assignee under section 47-9406, subsection A an authenticated record
that releases the account debtor from any further obligation to the secured party.


C. This section does not apply to an assignment constituting the sale of an
account, chattel paper or payment intangible.