Wisconsin § 409.209 - Duties of secured party if account debtor has been notified of assignment.
Full text of Wisconsin Wisconsin Statutes § 409.209 — Duties of secured party if account debtor has been notified of assignment., with citation guidance and answers to common questions.
§ 409.209. Duties of secured party if account debtor has been notified of assignment.
409.209(1) (1) Applicability of section. Except as otherwise provided in sub. (3) , this section applies if: 409.209(1)(a) (a) There is no outstanding secured obligation; and 409.209(1)(b) (b) The secured party is not committed to make advances, incur obligations, or otherwise give value. 409.209(2) (2) Duties of secured party after receiving demand from debtor. 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 s. 409.406 (1) an authenticated record that releases the account debtor from any further obligation to the secured party. 409.209(3) (3) Inapplicability to sales. This section does not apply to an assignment constituting the sale of an account, chattel paper, or payment intangible. 409.209 History History: 2001 a. 10 .
Source: official Wisconsin text · Last verified 2026-08-27
Frequently Asked Questions About Wisconsin § 409.209
What does Wisconsin Statutes § 409.209 cover?
Section 409.209 ("Duties of secured party if account debtor has been notified of assignment.") is part of the Wisconsin Statutes, the codified statutory law of Wisconsin. 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 Wisconsin § 409.209?
A common citation format is "Wisconsin Statutes § 409.209" (Wisconsin). 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 Wisconsin law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Wisconsin official source linked on this page or consult a licensed Wisconsin attorney.
How does Wisconsin § 409.209 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Wisconsin 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 Wisconsin.