N.Y. Uniform Commercial Code Law Section 9-209
Duties of Secured Party If Account Debtor Has Been Notified of Assignment

Section 9--209. Duties of Secured Party If Account Debtor Has Been Notified of Assignment.

(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 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 9--406(a) an authenticated record that releases the account debtor from any further obligation to the secured party. * NB Effective until June 3, 2026 * (b) Duties of secured party after receiving demand from debtor. 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 Section 9--406(a) or 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. * NB Effective June 3, 2026 (c) Inapplicability to sales. This section does not apply to an assignment constituting the sale of an account, chattel paper, or payment intangible.

Source: Section 9-209 — Duties of Secured Party If Account Debtor Has Been Notified of Assignment, https://www.­nysenate.­gov/legislation/laws/UCC/9-209 (updated Dec. 12, 2025; accessed Dec. 27, 2025).

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Verified:
Dec. 27, 2025

Last modified:
Dec. 12, 2025

§ 9-209. Duties of Secured Party If Acct. Debtor Has Been Notified of Assignment's source at nysenate​.gov

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