New Jersey Revised Statutes § 12a:9-332 - Transfer Of Money; Transfer Of Funds From Deposit Account.

12A:9-332 Transfer of money; transfer of funds from deposit account.

12A:9-332. Transfer of Money; Transfer of Funds from Deposit Account.

(a)Transferee of money. 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)Transferee of funds from deposit account. 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.2001, c.117, s.1; amended 2001, c.386, s.48.


Section: Previous  12a-9-325  12a-9-326  12a-9-327  12a-9-328  12a-9-329  12a-9-330  12a-9-331  12a-9-332  12a-9-333  12a-9-334  12a-9-335  12a-9-336  12a-9-337  12a-9-338  12a-9-339  Next

Last modified: October 11, 2016