Section 9--332. Transfer of Money; Transfer of Funds from Deposit Account  


Latest version.
  • (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.