N.Y. U.C.C. Law § 9-332

Current through 2024 NY Law Chapter 456
Section 9-332 - Transfer of Money; Transfer of Funds from Deposit Account
(a) 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.
(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 unless the transferee acts in collusion with the debtor in violating the rights of the secured party.

N.Y. U.c.c. Law § 9-332