Kansas § 84-9-209 Duties of secured party if account debtor has been notified of assignment

Kansas Statutes

§ 84-9-209 — Duties of secured party if account debtor has been notified of assignment

Kansas·Ch. 84 UNIFORM COMMERCIAL CODE·Art. 9 SECURED TRANSACTIONS

(a)Applicability of section. 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)Duties of secured party after receiving demand from debtor. Within 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 K.S.A. 2024 Supp. 84-9-406(a), and amendments thereto, an authenticated record that releases the account debtor from any further obligation to the secured party.

(c)Inapplicability to sales. This section does not apply to an assignment constituting the sale of an account, c

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(a) Applicability of section. 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) Duties of secured party after receiving demand from debtor. Within 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 K.S.A. 2024 Supp. 84-9-406(a), and amendments thereto, an authenticated record that releases the account debtor from any further obligation to the secured party.
(c) Inapplicability to sales. This section does not apply to an assignment constituting the sale of an account, chattel paper, or payment intangible.

Kansas § 84-9-209 (Duties of secured party if account debtor has been notified of assignment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.