Tex. Business & Commerce Code § 9.332
This is the official text of Tex. Business & Commerce Code § 9.332, part of Texas’s Business & Commerce Code — governs commercial transactions and general business practices.
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§ 9.332. TRANSFER OF MONEY; TRANSFER OF FUNDS FROM DEPOSIT ACCOUNT.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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