Transfer of money; transfer of funds from deposit account.

Mich. Comp. Laws § 440.9332, under UNIFORM COMMERCIAL CODE.

Mich. Comp. Laws § 440.9332

Sec. 9332. (1) 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) 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.