(a) 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.
(b) 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.
Section: Previous 45.29.325 45.29.326 45.29.327 45.29.328 45.29.329 45.29.330 45.29.331 45.29.332 45.29.333 45.29.334 45.29.335 45.29.336 45.29.337 45.29.338 45.29.339 NextLast modified: November 15, 2016