Transfer of money; transfer of funds from deposit account

11A V.I.C. § 9-332 — under Secured Transactions.

11A V.I.C. § 9-332

(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.