Indiana Statutes
§ 26-1-9.1-332 — Transferee of money or of funds from a deposit account
Indiana § 26-1-9.1-332
This text of Indiana § 26-1-9.1-332 (Transferee of money or of funds from a deposit account) is published on Counsel Stack Legal Research, covering Indiana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Ind. Code § 26-1-9.1-332 (2026).
Text
(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
As added by P.L.57-2000, SEC.45. Amended by P.L.199-2023,
SEC.68.
Nearby Sections
15
§ 26-1-1-0.3
Certain security interests considered perfected§ 26-1-1-0.5
Status of certain security interests; conditions; lapsing of perfection;
filing of financing statements§ 26-1-1-101
Short title; application§ 26-1-1-104
Construction against implicit repeal§ 26-1-1-105
Repealed§ 26-1-1-106
Remedies to be liberally administered§ 26-1-1-108
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Bluebook (online)
Indiana § 26-1-9.1-332, Counsel Stack Legal Research, https://law.counselstack.com/statute/in/26-1-9.1-332.