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2012 Pennsylvania Consolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 92 - Effectiveness of Security Agreement, Attachment of Security Interest and Rights of Parties to Security Agreement
Section 9209 - Duties of secured party if account debtor has been notified of assignment

     § 9209.  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 ten 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(a) (relating to discharge
     of account debtor; effect of notification) an authenticated
     record which 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.

        Cross References.  Section 9209 is referred to in section
     9625 of this title.

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