Ask Reggi Your Question Now
Reggi is the free generative AI assistance for regulatory compliance
Can you summarize MNST 336.9-332?
UNIFORM COMMERCIAL CODE > TRANSFER OF MONEY; TRANSFER OF FUNDS FROM DEPOSIT ACCOUNT.
Short Summary
(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. History: 2000 c 399 art 1 s 52
Jurisdiction
Minnesota