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2024 New York Laws
UCC - Uniform Commercial Code
Article 9 - Secured Transactions
Part 3 - Perfection and Priority
Sub Part 3 - Priority
9-332 - Transfer of Money; Transfer of Funds From Deposit Account

Universal Citation:
NY UCC § 9-332 (2024)
Learn more This media-neutral citation is based on the American Association of Law Libraries Universal Citation Guide and is not necessarily the official citation.
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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.
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