Section 355.9-332 - [Effective 1/1/2025] Transfer of money - Transfer of funds from deposit account(1) 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) 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) 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. Amended by 2024 Ky. Acts ch. 10,§ 73, eff. 1/1/2025.Effective:7/1/2001
Created 2000, Ky. Acts ch. 408, sec. 72, effective7/1/2001.This section is set out more than once due to postponed, multiple, or conflicting amendments.