Kentucky Statutes 355.9-332 – Transfer of money — Transfer of funds from deposit account
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(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.
Effective: July 1, 2001
History: Created 2000 Ky. Acts ch. 408, sec. 72, effective July 1, 2001.
(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.
Effective: July 1, 2001
History: Created 2000 Ky. Acts ch. 408, sec. 72, effective July 1, 2001.