§ 36-9-332

S.C. Code Ann. § 36-9-332

Transfer of money; transfer of funds from deposit account

2001 Act No. 67, SECTION 12.
  1. (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.
  2. (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.

HISTORY: 2001 Act No. 67, SECTION 12.

Log InSign Up