GroundRules
Ark. Code Ann. § 4-9-332: Transfer of money — Transfer of funds from deposit account.
Where this section sits in the code
- Title 4 Business and Commercial Law
- Subtitle 1. Uniform Commercial Code
- Chapter 9 Secured Transactions
- Part 3 — Perfection and Priority
- Subpart 3 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 2026-09-17T21:07:03Z. Source file · JSON