355.9-332 Transfer of money -- Transfer of funds from deposit account. (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. Effective: July 1, 2001 History: Created 2000 Ky. Acts ch. 408, sec. 72, effective July 1, 2001.
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