Sec. 332. (a) A transferee of money takes the money free of a security interest if the
transferee receives possession of the money without acting 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 if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party. As added by P.L.57-2000, SEC.45. Amended by P.L.199-2023, SEC.68.