Section 42a-9-332 - Transfer of money. Transfer of funds from deposit account.

CT Gen Stat § 42a-9-332 (2019) (N/A)
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(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.

(P.A. 01-132, S. 52.)