(c)__A secured party, other than a buyer, having control of electronic chattel paper under section 9-1105 shall:

(i)__Communicate the authoritative copy of the electronic chattel paper to the debtor or its designated custodian;

(ii)__If the debtor designates a custodian that is the designated custodian with which the authoritative copy of the electronic chattel paper is maintained for the secured party, communicate to the custodian an authenticated record releasing the designated custodian from any further obligation to comply with instructions originated by the secured party and instructing the custodian to comply with instructions originated by the debtor; and

(iii)__Take appropriate action to enable the debtor or its designated custodian to make copies of or revisions to the authoritative copy that add or change an identified assignee of the authoritative copy without the consent of the secured party;

(d)__A secured party having control of investment property under section 8-1106, subsection (4), paragraph (b) or 9- 1106, subsection (2) 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; and

(e)__A secured party having control of a letter-of-credit right under section 9-1107 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.

Official Comment

1. Source. New.

2. Scope and Purpose. This section imposes duties on a secured party who has control of a deposit account, electronic