§490:9-332 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. [L 2000, c 241, pt of §1]
Section: Previous 490-9-325 490-9-326 490-9-327 490-9-328 490-9-329 490-9-330 490-9-331 490-9-332 490-9-333 490-9-334 490-9-335 490-9-336 490-9-337 490-9-338 490-9-339 NextLast modified: October 27, 2016