Section 57A-9-332 - Transferee of money or funds from deposit account.
57A-9-332. Transferee of money or 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.
Source: SL 2000, ch 231.