13 Pennsylvania Consolidated Statutes § 9332 - Transfer Of Money; Transfer Of Funds From Deposit Account

§ 9332. 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.

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Last modified: October 8, 2016