Current through 2024 Act No. 225.
Section 36-9-332 - Transfer of money; transfer of funds from deposit account(a) 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) 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.2001 Act No. 67, Section 12.