Mich. Comp. Laws § 440.9332

Current through Public Act 171 of the 2024 Legislative Session
Section 440.9332 - Transfer of money; transfer of funds from deposit account
(1) 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.
(2) 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.

MCL 440.9332

Add. 2000, Act 348, Eff. 7/1/2001.