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the Utah Code
2012 Utah Code
Title 70A - Uniform Commercial Code
Article 9a - Uniform Commercial Code - Secured Transactions
Section 332 - Transfer of money -- Transfer of funds from deposit account.
Universal Citation:
UT Code ยง 70A-9a-332 (2012)
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70A-9a-332. Transfer of money -- Transfer of funds from deposit account.
(1) 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.
(2) 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.
Enacted by Chapter 252, 2000 General Session
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