RECORD THAT RELEASES THE SECURITIES INTERMEDIARY OR COMMODITY
INTERMEDIARY FROM ANY FURTHER OBLIGATION TO COMPLY WITH ENTITLEMENT
ORDERS OR DIRECTIONS ORIGINATED BY THE SECURED PARTY; AND
(5) A SECURED PARTY HAVING CONTROL OF A LETTER-OF-CREDIT
RIGHT UNDER § 9-107 SHALL SEND TO EACH PERSON HAVING AN UNFULFILLED
OBLIGATION TO PAY OR DELIVER PROCEEDS OF THE LETTER OF CREDIT TO THE
SECURED PARTY AN AUTHENTICATED RELEASE FROM ANY FURTHER OBLIGATION
TO PAY OR DELIVER PROCEEDS OF THE LETTER OF CREDIT TO THE SECURED PARTY.
9-209. DUTIES OF SECURED PARTY IF ACCOUNT DEBTOR HAS BEEN NOTIFIED OF
ASSIGNMENT.
(A) 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) 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 § 9-406(A) AN AUTHENTICATED 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.
9-210. REQUEST FOR ACCOUNTING; REQUEST REGARDING LIST OF COLLATERAL OR
STATEMENT OF ACCOUNT.
(A) IN THIS SECTION:
(1) "REQUEST" MEANS A RECORD OF A TYPE DESCRIBED IN PARAGRAPH
(2), (3), OR (4).
(2) "REQUEST FOR AN ACCOUNTING" MEANS A RECORD
AUTHENTICATED BY A DEBTOR REQUESTING THAT THE RECIPIENT PROVIDE AN
ACCOUNTING OF THE UNPAID OBLIGATIONS SECURED BY COLLATERAL AND
REASONABLY IDENTIFYING THE TRANSACTION OR RELATIONSHIP THAT IS THE
SUBJECT OF THE REQUEST.
(3) "REQUEST REGARDING A LIST OF COLLATERAL" MEANS A RECORD
AUTHENTICATED BY A DEBTOR REQUESTING THAT THE RECIPIENT APPROVE OR
CORRECT A LIST OF WHAT THE DEBTOR BELIEVES TO BE THE COLLATERAL
SECURING AN OBLIGATION AND REASONABLY IDENTIFYING THE TRANSACTION OR
RELATIONSHIP THAT IS THE SUBJECT OF THE REQUEST.
(4) "REQUEST REGARDING A STATEMENT OF ACCOUNT" MEANS A
RECORD AUTHENTICATED BY A DEBTOR REQUESTING THAT THE RECIPIENT
APPROVE OR CORRECT A STATEMENT INDICATING WHAT THE DEBTOR BELIEVES TO
|