Transfer of money; transfer of funds from deposit account.

  1. Law
  2. Oklahoma Statutes
  3. Commercial Code
  4. Transfer of money; transfer of funds from deposit account.

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

TRANSFER OF MONEY; TRANSFER OF FUNDS FROM DEPOSIT ACCOUNT

(a) 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) 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 by Laws 2000, c. 371, § 59, eff. July 1, 2001.


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