Current with changes from the 2024 legislative session through ch. 845
Section 8.9A-332 - [Effective Until 7/1/2025] 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.Amended by Acts 2000, § c.1007.This section is set out more than once due to postponed, multiple, or conflicting amendments.