2016 Oklahoma Statutes
Title 12A. Commercial Code
§12A-1-9-332. Transfer of money; transfer of funds from deposit account.

12A OK Stat § 12A-1-9-332 (2016) What's This?

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.

Added by Laws 2000, c. 371, § 59, eff. July 1, 2001.

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