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§12A-9-406.


§12A-9-406.
   
   Release of Collateral - Duties of Filing Officer - Fees. - A secured
   party of record may by his signed statement release all or part of any
   collateral described in a filed financing statement. The statement of
   release is sufficient if it contains a description of the collateral
   being released, the name and address of the debtor, the name and
   address of the secured party, and the file number of the financing
   statement. A statement of release signed by a person other than the
   secured party of record must be accompanied by a separate written
   statement of assignment signed by the secured party of record and
   complying with subsection (2) of Section 9-405, including payment of
   the required fee. Upon presentation of such a statement of release to
   the filing officer, he shall mark the statement with the hour and date
   of filing and shall note the same upon the margin of the index of the
   filing of the financing statement. There shall be no fee, or any other
   associated costs, for filing, noting, sending or delivering such a
   statement of release.
   

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