Wyoming § 34.1-9-209 Duties of secured party if account debtor has
been notified of assignment

Wyoming Statutes

§ 34.1-9-209 — Duties of secured party if account debtor has been notified of assignment

Wyoming·Title 34.1 Uniform Commercial Code·Art. 9 SECURED TRANSACTIONS

(a)Except as otherwise provided in subsection (c), this section applies if:

(i)There is no outstanding secured obligation; and

(ii)The secured party is not committed to make advances, incur obligations or otherwise give value.

(b)Within ten (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 section 34.1-9-406(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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(a) Except as otherwise provided in subsection (c), this
section applies if:
(i) There is no outstanding secured obligation; and
(ii) The secured party is not committed to make
advances, incur obligations or otherwise give value.
(b) Within ten (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 section 34.1-9-406(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.

Wyoming § 34.1-9-209 (Duties of secured party if account debtor has been notified of assignment) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.