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The Legislative Service Commission staff updates the Revised Code on an ongoing basis, as it completes its act review of enacted legislation. Updates may be slower during some times of the year, depending on the volume of enacted legislation.

Section 1309.332 | Transfer of money - transfer of funds from deposit account - UCC 9-332.

Ohio Revised Code
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Title 13 Commercial Transactions
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Chapter 1309 Secured Transactions
 
You are viewing a past version of this section that is no longer in effect View Current Version
Effective:
July 1, 2001
Legislation:
Senate Bill 74 - 124th General Assembly
PDF:
Download Authenticated PDF
 

(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.

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