104.9332 - Effect of transfer of money; effect of transfer of funds from deposit account.

104.9332  Effect of transfer of money; effect of transfer of funds from deposit account.

      1.  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.  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.

      (Added to NRS by 1999, 319)