Colo. Rev. Stat. § 4-9-332

Current through 11/5/2024 election
Section 4-9-332 - Transfer of money - transfer of funds from deposit account
(a) A transferee of 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.
(b) 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.

C.R.S. § 4-9-332

Amended by 2023 Ch. 136,§ 68, eff. 8/7/2023.
L. 2001: Entire article R&RE, p. 1366, § 1, effective July 1.
2023 Ch. 136, was passed without a safety clause. See Colo. Const. art. V, § 1(3).