Utah Code § 70A-9a-332

§ 70A-9a-332. Transfer of money -- Transfer of funds from deposit account.

Year: 2026Length: 116 wordsOfficial source
(1) A transferee of tangible 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. (2) 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. (3) A transferee of electronic money takes the money free of a security interest if the transferee obtains control of the money without acting in collusion with the debtor in violating the rights of the secured party.
Utah Code § 70A-9a-332: § 70A-9a-332. Transfer of money -- Transfer of funds from deposit account. | Justis AI