2010 New York Code
UCC - Uniform Commercial Code
Article 9 - SECURED TRANSACTIONS
Part 3 - PERFECTION AND PRIORITY
Sub Part 3 - (9-317 - 9-339) PRIORITY
9-332 - Transfer of Money; Transfer of Funds from Deposit Account

Section 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.

Disclaimer: These codes may not be the most recent version. New York may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.