Section 9-332 - Transfer of money; transfer of funds from deposit account.
§ 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.
[1999, ch. 282, § 2.]