South Dakota Statutes
§ 57A-9-209 — Duties of secured party if account debtor has been notified of assignment.
South Dakota § 57A-9-209
This text of South Dakota § 57A-9-209 (Duties of secured party if account debtor has been notified of assignment.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 57A-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 a signed demand by the debtor, a secured party shall send to an account debtor that has received notification under § 57A-9-406 (a) or 57A-12-106 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)This section does not apply to an assignment constituting the sale of an account, chattel paper, or payment intangible.
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Legislative History
SL 2000, ch 231; SL 2024, ch 198, § 53.
Nearby Sections
15
§ 57A-1-101
Short title.§ 57A-1-102
Scope of chapter.§ 57A-1-104
Construction against implied repeal.§ 57A-1-105
Severability.§ 57A-1-106
Use of singular and plural--Gender.§ 57A-1-107
Section captions.§ 57A-1-201
General definitions.§ 57A-1-202
Notice--Knowledge.§ 57A-1-203
Lease distinguished from security interest.§ 57A-1-204
Value.§ 57A-1-205
Reasonable time--Seasonableness.§ 57A-1-206
Presumptions.§ 57A-1-207
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Bluebook (online)
South Dakota § 57A-9-209, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/57A-9-209.