California Statutes
§ 9332. — 9332. (Amended by Stats. 2023, Ch. 210, Sec. 53.)
California·Code COM Commercial Code - COM·Div. 9. DIVISION 9. SECURED TRANSACTIONS·Ch. 3. CHAPTER 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.
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California § 9332. (9332. (Amended by Stats. 2023, Ch. 210, Sec. 53.)) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
Amended by Stats. 2023, Ch. 210, Sec. 53. (SB 95) Effective January 1, 2024.