Public-domain · open source
OpenJurist

Cal. Com. Code § 9332

Perfection and Priority

Known as the Uniform Commercial Code

The act spans §§ 1101–12107 (623 sections).

Amended by Stats. 2023, Ch. 210, Sec. 53

(a) 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.

(b) 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.

(c) 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.

Official source: California Legislative Information. Reproduced from public-domain California statutes; confirm against the official source for the current text. Not legal advice.