Section 11-9-209 - Duties of secured party if account debtor has been notified of assignment(a)Applicability of Code section. Except as otherwise provided in subsection (c) of this Code section, this Code 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)Duties of secured party after receiving demand from debtor. 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 subsection (a) of Code Section 11-9-406 or subsection (b) of Code Section 11-12-106 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)Inapplicability to sales. This Code section does not apply to an assignment constituting the sale of an account, chattel paper, or payment intangible.Amended by 2024 Ga. Laws 600,§ 5-50, eff. 7/1/2024.Added by 2001 Ga. Laws 191, § 1, eff. 7/1/2001.