Utah § 70A-9a-209 Duties of secured party if account debtor has been notified of assignment.

Utah Statutes

§ 70A-9a-209 — Duties of secured party if account debtor has been notified of assignment.

Utah § 70A-9a-209

Title 70AUniform Commercial Code

Ch. 70A-9aUniform Commercial Code - Secured Transactions

Part 70A-9a-2Effectiveness of Security Agreement - Attachment of Security Interest - Rights of Parties to Security Agreement

This text of Utah § 70A-9a-209 (Duties of secured party if account debtor has been notified of assignment.) is published on Counsel Stack Legal Research, covering Utah primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Utah Code Ann. § 70A-9a-209 (2026).

Text

(1)Except as otherwise provided in Subsection (3), this section applies if:

(1)(a) there is no outstanding secured obligation; and

(1)(b) the secured party is not committed to make advances, incur obligations, or otherwise give value.

(2)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 Subsection 70A-9a-406(1) an authenticated record that releases the account debtor from any further obligation to the secured party.

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

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(1) Except as otherwise provided in Subsection (3), this section applies if:

(1)(a) there is no outstanding secured obligation; and
(1)(b) the secured party is not committed to make advances, incur obligations, or otherwise give value.
(2) 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 Subsection 70A-9a-406(1) an authenticated record that releases the account debtor from any further obligation to the secured party.
(3) This section does not apply to an assignment constituting the sale of an account, chattel paper, or payment intangible.