Section 106:9-332 - 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.Mass. Gen. Laws ch. 106, § 9-332
Amended by Acts 2001, c. 26, § 39, eff. 7/1/2001.