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

§ 9-332. 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. 
 

[1999, ch. 282, § 2.]