GroundRules
Utah Code § 70A-9a-332: Transfer of money -- Transfer of funds from deposit account.
Where this section sits in the code
- Title 70A Uniform Commercial Code
- Chapter 70A-9a Uniform Commercial Code - Secured Transactions
- Part 70A-9a-3 Perfection and Priority
(1) 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.
(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.
(3) 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 2026-09-03T11:34:34Z. Source file · JSON