Article 9-A: TRANSACTIONS HEADING: PL 1999, C. 699, PT. A, §2 (NEW)
Part 3: PERFECTION AND PRIORITY HEADING: PL 1999, C. 699, PT. A, §2 (NEW)
Subpart 3: PRIORITY HEADING: PL 1999, C. 699, PT. A, §2 (NEW)
§9-1332. 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.
[
1999, c. 699, Pt. A, §2 (NEW);
1999, c. 699, Pt. A, §4 (AFF)
.]
(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.
[
1999, c. 699, Pt. A, §2 (NEW);
1999, c. 699, Pt. A, §4 (AFF)
.]
SECTION HISTORY
1999, c. 699, §A2 (NEW).
1999, c. 699, §A4 (AFF).
Data for this page extracted on 11/02/2009 01:51:30.