Ask Reggi Your Question Now
Reggi is the free generative AI assistance for regulatory compliance
Can you summarize NVRS 104.9332?
Uniform Commercial CodeOriginal Articles > Effect of transfer of money; effect of transfer of funds from deposit account.
Short Summary
1.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. 2.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. (Added to NRS by 1999, 319)
Jurisdiction
Nevada