State Codes and Statutes

Statutes > North-carolina > Chapter_25 > GS_25-9-332

§25‑9‑332.  Transfer of money; transfer of funds from depositaccount.

(a)        Transferee ofmoney. – A transferee of money takes the money free of a security interestunless the transferee acts in collusion with the debtor in violating the rightsof the secured party.

(b)        Transferee of fundsfrom deposit account. – A transferee of funds from a deposit account takes thefunds free of a security interest in the deposit account unless the transfereeacts in collusion with the debtor in violating the rights of the secured party.(2000‑169, s. 1.)

State Codes and Statutes

Statutes > North-carolina > Chapter_25 > GS_25-9-332

§25‑9‑332.  Transfer of money; transfer of funds from depositaccount.

(a)        Transferee ofmoney. – A transferee of money takes the money free of a security interestunless the transferee acts in collusion with the debtor in violating the rightsof the secured party.

(b)        Transferee of fundsfrom deposit account. – A transferee of funds from a deposit account takes thefunds free of a security interest in the deposit account unless the transfereeacts in collusion with the debtor in violating the rights of the secured party.(2000‑169, s. 1.)


State Codes and Statutes

State Codes and Statutes

Statutes > North-carolina > Chapter_25 > GS_25-9-332

§25‑9‑332.  Transfer of money; transfer of funds from depositaccount.

(a)        Transferee ofmoney. – A transferee of money takes the money free of a security interestunless the transferee acts in collusion with the debtor in violating the rightsof the secured party.

(b)        Transferee of fundsfrom deposit account. – A transferee of funds from a deposit account takes thefunds free of a security interest in the deposit account unless the transfereeacts in collusion with the debtor in violating the rights of the secured party.(2000‑169, s. 1.)