Colorado § 4-9-209 - Duties of secured party if account debtor has been notified of assignment.
Full text of Colorado Colorado Revised Statutes § 4-9-209 — Duties of secured party if account debtor has been notified of assignment., with citation guidance and answers to common questions.
§ 4-9-209. Duties of secured party if account debtor has been notified of assignment.
(a) Except as otherwise provided in subsection (c) of this section, 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) Within ten days after receiving a signed demand by the debtor, a secured party shall send to an account debtor that has received notification under section 4-9-406 (a) or 4-12-106 (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) This section does not apply to an assignment constituting the sale of an account, chattel paper, or payment intangible.
Source: L. 2001: Entire article R&RE, p. 1340, § 1, effective July 1. L. 2023: (b) amended, (SB 23-090), ch. 136, p. 549, § 50, effective August 7.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 4-9-209
What does Colorado Revised Statutes § 4-9-209 cover?
Section 4-9-209 ("Duties of secured party if account debtor has been notified of assignment.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. 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 Colorado § 4-9-209?
A common citation format is "Colorado Revised Statutes § 4-9-209" (Colorado). 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 Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 4-9-209 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado 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 Colorado.