Florida § 679.209 Duties of secured party if account debtor has been notified of assignment

Florida Statutes

§ 679.209 — Duties of secured party if account debtor has been notified of assignment

Florida § 679.209

TitleXXXIX

Ch. 679UNIFORM COMMERCIAL CODE: SECURED TRANSACTIONS

This text of Florida § 679.209 (Duties of secured party if account debtor has been notified of assignment) is published on Counsel Stack Legal Research, covering Florida primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Fla. Stat. § 679.209 (2026).

Text

(1)Except as otherwise provided in subsection (3), this section applies if:

(a)There is no outstanding secured obligation; and (b) The secured party is not committed to make advances, incur obligations, or otherwise give value.

(2)Within 10 days after receiving a signed demand by the debtor, a secured party shall send to an account debtor that has received notification under s. 669.106(2) or s. 679.4016(1) of an assignment to the secured party as assignee a signed record that releases the account debtor from any further obligation to the secured party.

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

Free access — add to your briefcase to read the full text and ask questions with AI

(1) Except as otherwise provided in subsection (3), this section applies if: (a) There is no outstanding secured obligation; and (b) The secured party is not committed to make advances, incur obligations, or otherwise give value.

(2) Within 10 days after receiving a signed demand by the debtor, a secured party shall send to an account debtor that has received notification under s. 669.106(2) or s. 679.4016(1) of an assignment to the secured party as assignee a signed record that releases the account debtor from any further obligation to the secured party.

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