Iowa Code § 554.9332

Current through bills signed by governor as of 5/17/2024
Section 554.9332 - [Effective 7/1/2024] Transfer of money -- transfer of funds from deposit account
1.Transferee of tangible money. 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.

2.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 if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party.
3. Transferee of electronic money. 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.

Iowa Code § 554.9332

Amended by 2024 Iowa SF 2389,s 74, eff. 7/1/2024.
Amended by 2022 Iowa, ch 1117, s 32, eff. 7/1/2022.
2000 Acts, ch 1149, §52, 187
This section is set out more than once due to postponed, multiple, or conflicting amendments.