Section 400.9-332 - 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.L. 2001 S.B. 288
Effective 7/1/2001