Source: https://www.revisor.mn.gov/statutes/2010/cite/336.9-208
Timestamp: 2018-06-20 03:37:57
Document Index: 442198935

Matched Legal Cases: ['art 5', 'art 1', 'art 1', 'art 1', 'art 1', 'art 5']

Section 336.9-208
336.9-207 336.9-209
2004 336.9-208 Amended 2004 c 162 art 5 s 21
2000 336.9-208 Repealed 2000 c 399 art 1 s 140
2000 336.9-208 New 2000 c 399 art 1 s 18
336.9-208 MS 1998 [Repealed, 2000 c 399 art 1 s 140]
336.9-208 ADDITIONAL DUTIES OF SECURED PARTY HAVING CONTROL OF COLLATERAL.
(1) a secured party having control of a deposit account under section 336.9-104(a)(2) shall send to the bank with which the deposit account is maintained an authenticated statement that releases the bank from any further obligation to comply with instructions originated by the secured party;
(2) a secured party having control of a deposit account under section 336.9-104(a)(3) shall:
(3) a secured party, other than a buyer, having control of electronic chattel paper under section 336.9-105 shall:
(4) a secured party having control of investment property under section 336.8-106(d)(2) or 336.9-106(b) shall send to the securities intermediary or commodity intermediary with which the security entitlement or commodity contract is maintained an authenticated 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;
(5) a secured party having control of a letter of credit right under section 336.9-107 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; and
2000 c 399 art 1 s 18; 2004 c 162 art 5 s 21