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2021 Pennsylvania Consolidated & Unconsolidated Statutes
Title 13 - COMMERCIAL CODE
Chapter 93 - Perfection and Priority
Section 9332 - Transfer of money; transfer of funds from deposit account
Universal Citation:
13 PA Cons Stat § 9332 (2021)
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This media-neutral citation is based
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§ 9332. 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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