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ArkansasStatutes

Transfer of money — Transfer of funds from deposit account. [Effective until September 1, 2026.]

Ark. Code Ann. § 4-9-332 — under — Perfection and Priority.

Ark. Code Ann. § 4-9-332

(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.