Utah Code § 70A-9a-332
Transfer of money -- Transfer of funds from deposit account
Utah · Utah Code Title 70A — Uniform Commercial Code · Status: effective
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- Citation
- Utah Code § 70A-9a-332, Transfer of money -- Transfer of funds from deposit account, Utah, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2350183
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Full text
(1) A transferee of tangible 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.
(2) 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.
(3) A transferee of electronic money takes the money free of a security interest if the transferee obtains control of the money without acting in collusion with the debtor in violating the rights of the secured party.