GroundRules
AS 45.29.332: Transfer of money; transfer of funds from deposit account.
Where this section sits in the code
- Title 45. Trade and Commerce.
- Chapter 29. Secured Transactions.
- Article 3. Perfection and Priority.
(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.
Collected 2026-09-02T06:19:44Z. Source file · JSON