2000 Minnesota Statutes

     336.9-332 Transfer of money; transfer of funds from 
  deposit account. 

    (a)    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. 

    (b)    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. 

    HIST: 2000 c 399 art 1 s 52 

*   NOTE:  This section, as added by Laws 2000, chapter 399, 
*article 1, section 52, is effective July 1, 2001.  Laws 2000, 
*chapter 399, article 1, section 130.