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Code · Wisconsin · Chapter 409 — Uniform commercial code — secured transactions

409.332 Transfer of money; transfer of funds from deposit account.

87 words·~1 min read·/wi/chapter-409/409-332

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

409.332 Transfer of money; transfer of funds from deposit account.
(1)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.
(2)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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