Ohio Rev. Code Ann. § 1309.332 – Transfer of money - transfer of funds from deposit account - UCC 9-332 | Midpage
§ 1309.332
Ohio Rev. Code Ann. § 1309.332
Transfer of money - transfer of funds from deposit account - UCC 9-332
Effective Jul 1, 2001Senate Bill 74 - 124th General Assembly
(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.