Alabama § 7-9A-209 - Duties of Secured Party If Account Debtor Has Been Notified of Assignment.
Full text of Alabama Code of Alabama § 7-9A-209 — Duties of Secured Party If Account Debtor Has Been Notified of Assignment., with citation guidance and answers to common questions.
§ 7-9A-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 a signed demand by the debtor, a secured party shall send to an account debtor that has received notification, under Section 7-9A-406(a) or 7-12-106(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.
(c) Inapplicability to sales. This section does not apply to an assignment constituting the sale of an account, chattel paper, or payment intangible.
(d) Signed demand. In this section, ”signed demand” means a record signed by the debtor demanding that the secured party take the action described in subsection (b). The secured party may designate in a record sent to the debtor or as to which the debtor has notice an address to which such demand must be sent. A demand sent to another address of the secured party will be effective, but the 10-day period for action by the secured party does not begin until the person or department at the address specified by the secured party has notice of the demand.
Source: official Alabama text · Last verified 2026-08-27
Frequently Asked Questions About Alabama § 7-9A-209
What does Code of Alabama § 7-9A-209 cover?
Section 7-9A-209 ("Duties of Secured Party If Account Debtor Has Been Notified of Assignment.") is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 7-9A-209?
A common citation format is "Code of Alabama § 7-9A-209" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 7-9A-209 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.