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Mont. Code Ann. § 30-9A-332

Transfer of money -- transfer of funds from deposit account

Known as the Uniform Commercial Code

The act spans §§ 30–30 (713 sections).

En

(1) A transferee of 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) 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.

Official source: Montana Code Annotated (Montana Legislature). Reproduced from public-domain Montana statutes; confirm against the official source for the current text. Not legal advice.