Section 7-9A-332 - [Effective Until 7/1/2024] 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.Ala. Code § 7-9A-332 (1975)
Act 2001-481, p. 647, §1.This section is set out more than once due to postponed, multiple, or conflicting amendments.