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Delaware · Through 2026-08-10 (85 Del. Laws, c. 421, 424) · Newer source version available

6 Del. C. § 9-209: Duties of secured party if account debtor has been notified of assignment.

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Where this section sits in the code
  1. Title 6. Commerce and Trade
  2. SUBTITLE I
  3. Uniform Commercial Code
  4. ARTICLE 9. Secured Transactions
  5. Part 2
  6. Effectiveness of Security Agreement; Attachment of Security Interest; Rights of Parties to Security Agreement

(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 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 under a signed record that releases the account debtor from any further obligation to the secured party.

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

Collected 2026-09-05T23:02:06Z. Source file · JSON

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