Mich. Comp. Laws § 440.9209
Duties of secured party if account debtor has been notified of assignment.
Michigan · Michigan Compiled Laws — UNIFORM COMMERCIAL CODE (Act 174 of 1962) · Status: effective
Cite this
- Citation
- Mich. Comp. Laws § 440.9209, Duties of secured party if account debtor has been notified of assignment, Michigan, version 1 as recorded 2026-08-18, yourstate.us, https://yourstate.us/provision/1362219
- Permanent ID
ys:prov:1362219@1- SHA-256
0cb4ff5b3e2860cc34b0bbe4b1e99ec5c5aabe6c3e9e5f4d8a3f0dfa4917f3c6
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(1) Except as otherwise provided in subsection (3), this section applies if there is no outstanding secured obligation and 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 section 9406(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.