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Code · Georgia · TITLE 11 Commercial Code · Subpart 3 Priority

11-9-332. Transfer of money; transfer of funds from deposit account.

75 words·~1 min read·/ga/title-11-commercial-code/subpart-3-priority/11-9-332·

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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.
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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