Section 554.9332 - Transfer of money -- transfer of funds from deposit account1.Transferee of tangible money. A transferee of tangible 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.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.3. Transferee of electronic money. A transferee of electronic money takes the money free of a security interest if the transferee obtains control of the money without acting in collusion with the debtor in violating the rights of the secured party.2000 Acts, ch 1149, §52, 187; 2022 Acts, ch 1117, §32
Amended by 2024 Iowa, ch Chapter 1023,s 74, eff. 7/1/2024.Amended by 2022 Iowa, ch 1117, s 32, eff. 7/1/2022.2000 Acts, ch 1149, §52, 187