§ 9-332 — Transfer of Money; Transfer of Funds from Deposit Account

* Section 9--332. Transfer of Money; Transfer of Funds from Deposit\n Account.\n (a) Transferee of money. A transferee of money takes the money free of\na security interest unless the transferee acts in collusion with the\ndebtor in violating the rights of the secured party.\n (b) Transferee of funds from deposit account. A transferee of funds\nfrom a deposit account takes the funds free of a security interest in\nthe deposit account unless the transferee acts in collusion with the\ndebtor in violating the rights of the secured party.\n * NB Effective until June 3, 2026\n* Section 9--332. Transfer of Money; Transfer of Funds from Deposit\n Account.\n(a) Transferee of tangible money. A transferee of tangible money takes\nthe money free of a security interest if the transferee receives\npossession of the money without acting in collusion with the debtor in\nviolating the rights of the secured party.\n (b) Transferee of funds from deposit account. A transferee of funds\nfrom a deposit account takes the funds free of a security interest in\nthe deposit account if the transferee receives the funds without acting\nin collusion with the debtor in violating the rights of the secured\nparty.\n (c) Transferee of electronic money. A transferee of electronic money\ntakes the money free of a security interest if the transferee obtains\ncontrol of the money without acting in collusion with the debtor in\nviolating the rights of the secured party.\n * NB Effective June 3, 2026\n