ARTICLE 9
SECURED TRANSACTIONS
PART 3
PRIORITY
11-9-332. Transfer of money; transfer of funds from deposit account.
-
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.
-
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.
(Code 1981, §11-9-332, enacted by Ga. L. 2001, p. 362, § 1.)
RESEARCH REFERENCES
U.L.A.
- Uniform Commercial Code (U.L.A.)
§
9-332.