Arkansas Statutes
§ 4-9-209 — Duties of secured party if account debtor has been notified of assignment
Arkansas § 4-9-209
JurisdictionArkansas
Title4
This text of Arkansas § 4-9-209 (Duties of secured party if account debtor has been notified of assignment) is published on Counsel Stack Legal Research, covering Arkansas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ark. Code Ann. § 4-9-209 (2026).
Text
(a)Except as otherwise provided in subsection (c), 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 (10) 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 § 4-9-406(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.
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Legislative History
Acts 2001, No. 1439, § 1.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of subtitle§ 4-1-104
Construction against implicit repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - Gender§ 4-1-107
Section captions§ 4-1-201
General definitions§ 4-1-202
Notice - Knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - Seasonableness§ 4-1-206
PresumptionsCite This Page — Counsel Stack
Bluebook (online)
Arkansas § 4-9-209, Counsel Stack Legal Research, https://law.counselstack.com/statute/ar/4-9-209.