Conn. Gen. Stat. § 42a-9-332: Transfer of money. Transfer of funds from deposit account.
Where this section sits in the code
- TITLE 42a. UNIFORM COMMERCIAL CODE
- ARTICLE 9. SECURED TRANSACTIONS
- PART 3. PERFECTION AND PRIORITY
(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 2026-09-06T19:07:27Z. Source file · JSON