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

Arizona Statutes

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

Arizona § 47-9209

Title 47Arizona Revised Statutes

Ch. 9SECURED TRANSACTIONS

Art. 2Effectiveness of Security Agreement, Attachment of Security Interest and Rights of Parties to Security Agreement

This text of Arizona § 47-9209 (Duties of secured party if account debtor has been notified of assignment) is published on Counsel Stack Legal Research, covering Arizona primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ariz. Rev. Stat. Ann. § 47-9209 (2026).

Text

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.

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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.