§ 412. Cancellation. After the payment of all sums for which the buyer
is obligated under a contract or obligation, and upon written demand
made by the buyer, the holder shall deliver, or mail to the buyer at his
last known address, such one or more good and sufficient instruments as
may be necessary to acknowledge payment in full and to release all
security in the goods. This section does not repeal section seventy-two
of this chapter or section two hundred thirty-eight of the lien law.