Maryland Statutes
§ 9-209
Maryland § 9-209
This text of Maryland § 9-209 is published on Counsel Stack Legal Research, covering Maryland primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Md. Code Ann., Commercial Law § 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 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 § 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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Bluebook (online)
Maryland § 9-209, Counsel Stack Legal Research, https://law.counselstack.com/statute/md/gcl/9-209.