Minnesota Statutes 336.9-332 – Transfer of Money; Transfer of Funds From Deposit Account
Current as of: 2023 | Check for updates
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(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.