§ 10:9-332 — Transfer of money; transfer of funds from deposit account

Louisiana § 10:9-332

• Jurisdiction: Louisiana
• Title 10: Commercial Laws

Text

§9-332. Transfer of money; transfer of funds from deposit account
(a) Transferee of money. 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) Transferee of funds from deposit account. 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.

Legislative History

Acts 2001, No. 128, §1, eff. July 1, 2001; Acts 2024, No. 773, §1.