GroundRules
COM § 9332
Where this section sits in the code
- Commercial Code - COM
- DIVISION 9. SECURED TRANSACTIONS [9101. - 9907.]
- CHAPTER 3. Perfection and Priority [9301. - 9342.]
(a) A transferee of tangible money takes the money free of a security interest if the transferee receives possession of the money without acting 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 if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party.
(c) A transferee of electronic money takes the money free of a security interest if the transferee obtains control of the money without acting in collusion with the debtor in violating the rights of the secured party.
Collected 2026-09-14T05:56:33Z. Source file · JSON