Current through Session Law 2024-56
Section 25-9-332 - 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.N.C. Gen. Stat. § 25-9-332