Transfer of money - transfer of funds from deposit account

4-9-332. Transfer of money - transfer of funds from deposit account. (a) A transferee of money takes the money free of a security interest if the transferee receives possession of the money without acting 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 if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party. Source: L. 2001: Entire article R&RE, p. 1366, � 1, effective July 1. L. 2023: Entire section amended, (SB 23-090), ch. 136, p. 557, � 68, effective August 7.