Montana Statutes
§ 30-9A-332 — Transfer Of Money -- Transfer Of Funds From Deposit Account
Montana·Title 30 TRADE AND COMMERCE·Ch. 9A UNIFORM COMMERCIAL CODE SECURED TRANSACTIONS·Part 3 Perfection and Priority
30-9A-332 . Transfer of money -- transfer of funds from deposit account.
(1)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.
(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.
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Montana § 30-9A-332 (Transfer Of Money -- Transfer Of Funds From Deposit Account) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 51, Ch. 305, L. 1999; Sec. 30-9-352, MCA 1999; redes. 30-9A-332 by Code Commissioner, 2001; amd. Sec. 73, Ch. 200, L. 2025.
Nearby Sections
15
§ 30-9A-101
Short Title§ 30-9A-102
Definitions And Index Of Definitions§ 30-9A-104
Control Of Deposit Account§ 30-9A-106
Control Of Investment Property§ 30-9A-107
Control Of Letter-Of-Credit Right§ 30-9A-107A
Control Of Controllable Electronic Record, Controllable Account, Or Controllable Payment Intangible§ 30-9A-108
Sufficiency Of Description§ 30-9A-109
Scope§ 30-9A-201
General Effectiveness Of Security Agreement§ 30-9A-202
Title To Collateral Immaterial