Minnesota § 336.9-209 336.9-209 DUTIES OF SECURED PARTY IF ACCOUNT DEBTOR HAS BEEN NOTIFIED OF ASSIGNMENT.

Minnesota Statutes

§ 336.9-209 — 336.9-209 DUTIES OF SECURED PARTY IF ACCOUNT DEBTOR HAS BEEN NOTIFIED OF ASSIGNMENT.

Minnesota § 336.9-209

PartTRADE REGULATIONS, CONSUMER PROTECTION

Ch. 336UNIFORM COMMERCIAL CODE

This text of Minnesota § 336.9-209 (336.9-209 DUTIES OF SECURED PARTY IF ACCOUNT DEBTOR HAS BEEN NOTIFIED OF ASSIGNMENT.) is published on Counsel Stack Legal Research, covering Minnesota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Minn. Stat. § 336.9-209 (2026).

Text

(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 ten days after receiving a signed demand by the debtor, a secured party shall send to an account debtor that has received notification under section336.9-406(a) or336.12-106(b) 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.

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

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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 ten days after receiving a signed demand by the debtor, a secured party shall send to an account debtor that has received notification under section336.9-406(a) or336.12-106(b) 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.
(c)Inapplicability to sales.This section does not apply to an assignment constituting the sale of an account, chattel paper, or payment intangible.