Effect of transfer of money; effect of transfer of funds from deposit account.

Checkout our iOS App for a better way to browser and research.

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.

(Added to NRS by 1999, 319)


Download our app to see the most-to-date content.