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2012 Statute



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84-9-332.Transfer of money; transfer of funds from deposit account. (a)  Transferee of money.  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) Transferee of funds from deposit account.  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.

History: L. 2000, ch. 142, § 52; July 1, 2001.



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2020. Powered by KLISS. Rendered: 2020-12-01T12:08:46. Head Rev No: 345400