Title 70A Chapter 9a Section 332
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Uniform Commercial Code | |
Uniform Commercial Code - Secured Transactions | |
Section 332 | Transfer of money -- Transfer of funds from deposit account. |
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70A-9a-332. Transfer of money -- Transfer of funds from deposit
account.
(1) A transferee of money takes the money free of a security interest unless the transferee acts in collusion with the debtor in violating the rights of the secured party. (2) A transferee of funds from a deposit account takes the funds free of a security interest in the deposit account unless the transferee acts in collusion with the debtor in violating the rights of the secured party. Enacted by Chapter 252, 2000 General Session | |
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