Current through 2024 NY Law Chapters 1-50, 52-55, 57, 61-117
Section 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.