Mich. Comp. Laws » Michigan Compiled Laws / Chapter 440 / Act 174 of 1962
Michigan Compiled Laws

Mich. Comp. Laws § 440.9332 (2026)

Transfer of money; transfer of funds from deposit account.

✓ current as of July 2026
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UNIFORM COMMERCIAL CODE


Act 174 of 1962


440.9332 Transfer of money; transfer of funds from deposit account.

Sec. 9332.

    (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.

History: Add. 2000, Act 348, Eff. July 1, 2001

Notes of Decisions
Cited in 1 case, 2019–2019 · leading case: Dr Sena Yaddehige v. Xpert Tech. Inc (Mich. Ct. App. 2019).
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Dr Sena Yaddehige v. Xpert Tech. Inc (Mich. Ct. App. 2019). · cites it 11× “The trial court granted summary disposition in defendant’s favor, concluding, in pertinent part, that MCL 440.9332 protects persons who receive transfers of money from a debtor when those funds are subject to a preexisting security interest.”
Mich. Comp. Laws § 440.9332(1): 1 case
Dr Sena Yaddehige v. Xpert Tech. Inc (Mich. Ct. App. 2019). “The trial court granted summary disposition in defendant’s favor, concluding, in pertinent part, that MCL 440.9332 protects persons who receive transfers of money from a debtor when those funds are subject to a preexisting security interest.”
Mich. Comp. Laws § 440.9332(2): 1 case
Dr Sena Yaddehige v. Xpert Tech. Inc (Mich. Ct. App. 2019). “The trial court granted summary disposition in defendant’s favor, concluding, in pertinent part, that MCL 440.9332 protects persons who receive transfers of money from a debtor when those funds are subject to a preexisting security interest.”
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