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§ 1-9-332. Transfer of money; transfer of funds from deposit account

Oklahoma Statutes AnnotatedTitle 12A. Commercial Code

Oklahoma Statutes Annotated
Title 12a. Commercial Code (Refs & Annos)
Article 9. Secured Transactions (Refs & Annos)
Part 3. Perfection and Priority (Refs & Annos)
12A Okl.St.Ann. § 1-9-332
§ 1-9-332. Transfer of money; transfer of funds from deposit account
Transfer of money; transfer of funds from deposit account
(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.
(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.

Credits

Laws 2000, c. 371, § 59, eff. July 1, 2001.
12A Okl. St. Ann. § 1-9-332, OK ST T. 12A § 1-9-332
Current with emergency effective legislation through Chapter 449 of the Second Regular Session of the 59th Legislature (2024). Some sections may be more current, see credits for details.
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