Section 11-9-332. Transfer of money; transfer of funds from deposit account.

Latest version.

(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.

Code 1981, § 11-9-332, enacted by Ga. L. 2001, p. 362, § 1.

                    
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