2011 Minnesota Statutes
Chapters 324 - 338 — Trade Regulations, Consumer Protection
Chapter 336 — Uniform Commercial Code
Section 336.9-332 — 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.
History:
2000 c 399 art 1 s 52
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