KRS 355.9-209: Duties of secured party if account debtor has been notified of

assignment.

(1) Except as otherwise provided in subsection (3) of this section, this section applies

if:

(a) There is no outstanding secured obligation; and

(b) The secured party is not committed to make advances, incur obligations, or

otherwise give value.

(2) Within ten (10) days after receiving a signed demand by the debtor, a secured party

shall send to an account debtor that has received notification under KRS 355.9 -

406(1) or 355.12-106(2) 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.

(3) This section does not apply to an assignment constituting the sale of an account,

chattel paper, or payment intangible.