Ga. Code § 11-9-332

Current through 2023-2024 Legislative Session Chapter 709
Section 11-9-332 - [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.

OCGA § 11-9-332

Added by 2001 Ga. Laws 191, § 1, eff. 7/1/2001.
This section is set out more than once due to postponed, multiple, or conflicting amendments.