Michigan § 440.9209 - Duties of secured party if account debtor has been notified of assignment.
Full text of Michigan Michigan Compiled Laws § 440.9209 — Duties of secured party if account debtor has been notified of assignment., with citation guidance and answers to common questions.
§ 440.9209. Duties of secured party if account debtor has been notified of assignment.
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.
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.
This section does not apply to an assignment constituting the sale of an account, chattel paper, or payment intangible.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 440.9209
What does Michigan Compiled Laws § 440.9209 cover?
Section 440.9209 ("Duties of secured party if account debtor has been notified of assignment.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. 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 Michigan § 440.9209?
A common citation format is "Michigan Compiled Laws § 440.9209" (Michigan). 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 Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.9209 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan 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 Michigan.