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Code · Arizona · Title 47 — Welfare, Social Services, and Institutions

47-9332. Transfer of money; transfer of funds from deposit account

68 words·~1 min read·/az/title-47/47-9332

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

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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