Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 9-332 — Transfer of Money; Transfer of Funds from Deposit Account
N.Y. U.C.C. Law § 9-332
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
Section 9--332. Transfer of Money; Transfer of Funds from Deposit
Citator
N.Y. U.C.C. Law § 9-332 — Transfer of Money; Transfer of Funds from Deposit Account is in force in the current edition of the Code, and nothing recorded condemns it.
Section 9--332. Transfer of Money; Transfer of Funds from Deposit
Account.
(a) Transferee of tangible money. A transferee of tangible money takes the money free of a security interest if the transferee receives possession of the money without acting 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 if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party.
(c) Transferee of electronic money. A transferee of electronic money takes the money free of a security interest if the transferee obtains control of the money without acting in collusion with the debtor in violating the rights of the secured party.