New Jersey § 12A:9-332 Transfer of money; transfer of funds from deposit account.

New Jersey Statutes

§ 12A:9-332 — Transfer of money; transfer of funds from deposit account.

New Jersey § 12A:9-332

Title 12ACOMMERCIAL TRANSACTIONS

This text of New Jersey § 12A:9-332 (Transfer of money; transfer of funds from deposit account.) is published on Counsel Stack Legal Research, covering New Jersey primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.J. Stat. Ann. § 12A:9-332 (2026).

Text

12A: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 unless the transferee acts 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 unless the transferee acts in collusion with the debtor in violating the rights of the secured party. L.2001, c.117, s.1; amended 2001, c.386, s.48.

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12A: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 unless the transferee acts 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 unless the transferee acts in collusion with the debtor in violating the rights of the secured party. L.2001, c.117, s.1; amended 2001, c.386, s.48.