Ind. Code § 26-1-9.1-332
This is the official text of Ind. Code § 26-1-9.1-332, part of Indiana’s Code — part of the compiled statutory law of Indiana, published by the state as "Code." Browse the sections below, each linked to its official government source.
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Transferee of money or of funds from a deposit account
Official statutory text
Sec. 332. (a) A transferee of money takes the money free of a security interest if the transferee receives possession of the money without acting 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 if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party.
As added by P.L.57-2000, SEC.45. Amended by P.L.199-2023, SEC.68.
(b) A transferee of funds from a deposit account takes the funds free of a security interest in the deposit account if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party.
As added by P.L.57-2000, SEC.45. Amended by P.L.199-2023, SEC.68.
Status: in_force · Read it on the official government site
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