70A-9a-332 - Transfer of money -- Transfer of funds from deposit account.
70A-9a-332. Transfer of money -- Transfer of funds from deposit account.
(1) A transferee of money takes the money free of a security interest unless the transfereeacts 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 interestin the deposit account unless the transferee acts in collusion with the debtor in violating the rightsof the secured party.
Enacted by Chapter 252, 2000 General Session