Title 6A
Uniform Commercial Code
Chapter 9
Secured Transactions
Part 3
Perfection and Priority
Subpart 3
Priority
R.I. Gen. Laws § 6A-9-332
§ 6A-9-332. Transfer of money; transfer of funds from deposit account.
(a) Transferee of money. 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) Transferee of funds from deposit account. 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 of Section.
P.L. 2000, ch. 182, § 6; P.L. 2000, ch. 420, § 6.