Statutes > Idaho Statutes > TITLE 28 COMMERCIAL TRANSACTIONS > CHAPTER 9 SECURED TRANSACTIONS > PART 3. PERFECTION AND PRIORITY > 28-9-332 TRANSFER OF MONEY -- TRANSFER OF FUNDS FROM DEPOSIT ACCOUNT.

28-9-332 TRANSFER OF MONEY -- TRANSFER OF FUNDS FROM DEPOSIT ACCOUNT.

TITLE 28

COMMERCIAL TRANSACTIONS

CHAPTER 9

SECURED TRANSACTIONS

PART 3.

PERFECTION AND PRIORITY

28-9-332. Transfer of money -- Transfer of funds from deposit account. (a) 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) 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.