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 transferee
acts 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 interest
in the deposit account unless the transferee acts in collusion with the debtor in violating the rights
of the secured party.
Enacted by Chapter 252, 2000 General Session
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Last revised: Thursday, May 28, 2009