Account Debtor Rights Under UCC 9-406

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Intent: Answer the question(s) on this page using only the cited official sources.

Topic: Ucc 406 Notices Mca Market

Last updated:

Primary source: https://secondwindconsultants.com/resource/ucc-9-406-notices-in-the-mca-market-when-payment-must-be-redirected-by-account-debtors

Quick Info

Account debtors can request reasonable proof of assignment from the party giving notice.

Purpose and usage

This page provides short, extractable answers for the topic above.

Key points

  • What should account debtors do if the proof isn't adequate?: Debtors should continue paying the vendor in the ordinary course if adequate proof is not provided.

Terms and entities

Canonical definitions live on the Facts pages. This page only references them.

What can account debtors request?

Account debtors can request reasonable proof of assignment from the party giving notice.

What should account debtors do if the proof isn't adequate?

Debtors should continue paying the vendor in the ordinary course if adequate proof is not provided.

Sources

  1. https://secondwindconsultants.com/resource/ucc-9-406-notices-in-the-mca-market-when-payment-must-be-redirected-by-account-debtors

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