Current through the 2024 Regular Session
Section 28-9-332 - TRANSFER OF MONEY - TRANSFER OF FUNDS FROM DEPOSIT ACCOUNT(a) 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) 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.[28-9-332, added 2001, ch. 208, sec. 2, p. 751.]