Iowa Code § 554.9332
Transfer of money — transfer of funds from deposit account
Redline — January 1, 2024 → current.View current text →
Current — January 1, 2026
As of January 1, 2024
1. Transferee of tangible money. A transferee of tangible money takes the money free of a security interest in the money if the transferee when receiving delivery of the money does not act in collusion with the debtor in violating the rights of the secured party.
1. Transferee of tangible money. 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.
2. Transferee of electronic money. A transferee of electronic money takes the money free of a security interest in the money if the transferee when obtaining control of the money does not act 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 if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party.
3. 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 if the transferee when receiving the funds does not act in collusion with the debtor in violating the rights of the secured party.
3. Transferee of electronic money. 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: Iowa Legislature. Reproduced from public-domain Iowa statutes; confirm against the official source for the current text. Not legal advice.