Effect of transfer of money; effect of transfer of funds from deposit account.

NRS

104.9332

Effect of transfer of money; effect of transfer of funds from deposit account.

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.

(Added to NRS by 1999, 319 ; A 2023, 3221 )