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Code · Nevada · CHAPTER 104 - UNIFORM COMMERCIAL CODE—ORIGINAL ARTICLES

NRS 104.9332 Effect of transfer of money; effect of transfer of funds from deposit account.

93 words·~1 min read·/nv/chapter-104-uniform-commercial-code-original-articles/104-9332

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NRS 104.9332 Effect of transfer of money; effect of transfer of funds from deposit account.
1. A transferee of money takes the money free of a security interest if the transferee receives possession of the money without acting in collusion with the debtor in violating the rights of the secured party.
2. A transferee of funds from a deposit account takes the funds free of a security interest in the deposit account if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party.
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