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Code · UCC · UCC Article 9 — Secured Transactions · § 9-332

§ 9-332. 9-332

79 words·~1 min read·/us/ucc/a9/s9-332

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

(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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