Md. Code Ann., Com. Law § 9-332 – Transfer of money; transfer of funds from deposit account

(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.

Added by Acts 1999, c. 282, § 2, eff. July 1, 2001.