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. Duty of Secured Party in Control of Investment Account. Within ten (10) tribal business days after receiving a signed demand by the debtor, a secured party having control of an investment account shall send to the investment intermediary with which the investment account is maintained a signed statement that releases the investment intermediary from any further obligation to comply with instructions originated by the secured party.

C. Duty of Secured Party if Account Debtor Has Been Notified of Assignment. Within ten (10) tribal business days after receiving a signed demand by the debtor, a secured party shall send to an account debtor that has received notification of an assignment to the secured party as assignee under the provisions of this Osage Nation Secured Transactions Act dealing with discharge of an account debtor and notification of an assignment (27A ONC § 9-403), a signed record that releases the account debtor from any further obligation to the secured party. However, this subsection does not apply to an assignment constituting the sale of an account, chattel paper, or payment intangible. ONCA 07-22, eff. June 18, 2007.