Section 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.Tex. Bus. and Comm. Code § 9.332
Added by Acts 1999, 76th Leg., ch. 414, Sec. 1.01, eff. 7/1/2001.