Connecticut General Statutes 42a-9-332 – Transfer of money. Transfer of funds from deposit account
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(a) 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.
Terms Used In Connecticut General Statutes 42a-9-332
- Deposit account: includes a share account of a savings and loan association. See Connecticut General Statutes 1-1
(b) 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.