Ohio § 1309.209 Duties of secured party if account debtor has been notified of assignment - UCC 9-209

Ohio Statutes

§ 1309.209 — Duties of secured party if account debtor has been notified of assignment - UCC 9-209

Ohio § 1309.209

Title 13Commercial Transactions

Ch. 1309Secured Transactions

This text of Ohio § 1309.209 (Duties of secured party if account debtor has been notified of assignment - UCC 9-209) is published on Counsel Stack Legal Research, covering Ohio primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Ohio Rev. Code Ann. § 1309.209 (2026).

Text

(A)Except as otherwise provided in division (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 division (A) of section1309.406of the Revised Code 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 division (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 division (A) of section1309.406of the Revised Code 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.