Section 9--208. Additional Duties of Secured Party Having Control of Collateral  


Latest version.
  • (a) Applicability of section. This section applies to cases  in  which
      there  is no outstanding secured obligation and 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
      10 days after receiving an authenticated demand by the debtor:
             (1) a secured party having control of  a  deposit  account  under