Current with changes through 2024
Section 9-332 - Transfer of money; transfer of funds from deposit account(a) 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.(b) 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.(c) 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.Laws 1999, LB 550, § 125; Laws 2024, LB 94, § 72.Amended by Laws 2024, LB 94,§ 72, eff. 7/19/2024.