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Illinois Compiled Statutes

810 ILCS 5/9-332 (2026)

Transfer of money; transfer of funds from deposit account

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(810 ILCS 5/9-332)
    Sec. 9-332. Transfer of money; transfer of funds from deposit account.
    (a) Transferee of tangible money. A transferee of tangible money takes the money free of a security interest if the transferee receives possession of the money without acting 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 if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party.
    (c) Transferee of electronic money. A transferee of electronic money takes the money free of a security interest if the transferee obtains control of the money without acting in collusion with the debtor in violating the rights of the secured party.
(Source: P.A. 103-1036, eff. 1-1-25.)

    
Notes of Decisions
Cited in 2 cases, 2014–2014 · leading case: Heartland Bank & Trust Co. v. The Leiter Grp., 2014 IL App (3d) 130498 (Ill. App. Ct. 2014).
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Heartland Bank & Trust Co. v. The Leiter Grp., 2014 IL App (3d) 130498 (Ill. App. Ct. 2014). · cites it 2× “Leiter moved to dismiss under section 2-619 of the Code of Civil Procedure (735 ILCS 5/2-619 (West 2010)) (Civil Code), arguing that section 9- 332(b) of the Illinois Uniform Commercial Code (UCC) (810 ILCS 5/9-332(b) (West 2010)) barred Heartland’s claim.”
Heartland Bank & Trust Co. v. Leiter Grp., 2014 IL App (3d) 130498 (Ill. App. Ct. 2014). · cites it 2× “Leiter moved to dismiss under section 2-619 of the Code of Civil Procedure (735 ILCS 5/2-619 (West 2010)) (Civil Code), arguing that section 9-332(b) of the Illinois Uniform Commercial Code (UCC) (810 ILCS 5/9-332(b) (West 2010)) barred Heartland’s claim.”
— 810 ILCS 5/9-332(b) — 2 cases
Heartland Bank & Trust Co. v. The Leiter Grp., 2014 IL App (3d) 130498 (Ill. App. Ct. 2014). “Leiter moved to dismiss under section 2-619 of the Code of Civil Procedure (735 ILCS 5/2-619 (West 2010)) (Civil Code), arguing that section 9- 332(b) of the Illinois Uniform Commercial Code (UCC) (810 ILCS 5/9-332(b) (West 2010)) barred Heartland’s claim.”
Heartland Bank & Trust Co. v. Leiter Grp., 2014 IL App (3d) 130498 (Ill. App. Ct. 2014). “Leiter moved to dismiss under section 2-619 of the Code of Civil Procedure (735 ILCS 5/2-619 (West 2010)) (Civil Code), arguing that section 9-332(b) of the Illinois Uniform Commercial Code (UCC) (810 ILCS 5/9-332(b) (West 2010)) barred Heartland’s claim.”
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