Alaska § 45.29.209 - Duties of secured party if account debtor has been notified of assignment.
Full text of Alaska Alaska Statutes § 45.29.209 — Duties of secured party if account debtor has been notified of assignment., with citation guidance and answers to common questions.
§ 45.29.209. Duties of secured party if account debtor has been notified of assignment.
(a) Except as otherwise provided in (c) of this section, this section applies to a case in which (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) 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 AS 45.29.406 (a) an authenticated record that releases the account debtor from further obligation to the secured party.
(c) This section does not apply to an assignment constituting the sale of an account, chattel paper, or payment intangible.
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 45.29.209
What does Alaska Statutes § 45.29.209 cover?
Section 45.29.209 ("Duties of secured party if account debtor has been notified of assignment.") is part of the Alaska Statutes, the codified statutory law of Alaska. 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 Alaska § 45.29.209?
A common citation format is "Alaska Statutes § 45.29.209" (Alaska). 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 Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 45.29.209 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska 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 Alaska.