GroundRules
30-9A-332: Transfer of money -- transfer of funds from deposit account.
Where this section sits in the code
- TITLE 30. TRADE AND COMMERCE
- CHAPTER 9A. UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS
- Part 3. Perfection and Priority
(1) A transferee of 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.
(2) 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.
Collected 2026-09-14T04:51:14Z. Source file · JSON