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Code · Kansas · Chapter 84 — Uniform Commercial Code

84-9-332. Transfer of money; transfer of funds from deposit account.

87 words·~1 min read·/ks/chapter-84/84-9-332

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84-9-332. 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.
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