Current through Chapters 1 to 259 and Chapters 261 to 341 of the 2024 Legislative Session
Section 106:9-332 - 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.