Public-domain · open source
OpenJurist

Iowa Code § 554.9332

Transfer of money — transfer of funds from deposit account

Showing this section's text as in effect on January 1, 2012 (in force January 1, 2012 – January 1, 2023). View current text →

1. Transferee of money. 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. Transferee of funds from deposit account. 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.

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