Section 26-1-9.1-332 - Transferee of money or of funds from a 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.
IC 26-1-9.1-332
Amended by P.L. 199-2023,SEC. 68, eff. 7/1/2023.As added by P.L. 57-2000, SEC.45.