Alaska Statutes Sec. 45.29.332 - Transfer of Money; Transfer of Funds From Deposit Account

(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.

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Last modified: November 15, 2016