Colorado Statutes
§ 4-9-332 — Transfer of money - transfer of funds from deposit account
(a)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.
(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.
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Legislative History
Source: L. 2001: Entire article R&RE, p. 1366, � 1, effective July 1. L. 2023: Entire section amended, (SB 23-090), ch. 136, p. 557, � 68, effective August 7.
Nearby Sections
15
§ 4-1-101
Short titles§ 4-1-102
Scope of article§ 4-1-104
Construction against implied repeal§ 4-1-105
Severability§ 4-1-106
Use of singular and plural - gender§ 4-1-107
Captions§ 4-1-201
General definitions§ 4-1-202
Notice - knowledge§ 4-1-204
Value§ 4-1-205
Reasonable time - seasonableness§ 4-1-302
Variation by agreement§ 4-1-304
Obligation of good faith