1309.332 Transfer of money - transfer of funds from deposit account - UCC 9-332.
1309.332 Transfer of money - transfer of funds from deposit account - UCC 9-332.
(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.
Effective Date: 07-01-2001