Cal. Com. Code § 9332

Current through the 2023 Legislative Session.
Section 9332 - Transfer of money; transfer of funds from deposit account
(a) A transferee of tangible 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.
(c) A transferee of electronic money takes the money free of a security interest if the transferee obtains control of the money without acting in collusion with the debtor in violating the rights of the secured party.

Ca. Com. Code § 9332

Amended by Stats 2023 ch 210 (SB 95),s 53, eff. 1/1/2024.
EFFECTIVE 7/01/2001. Added10/10/1999 (Bill Number: SB 45) (Chapter 991).