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§ 45-29-332 — Alaska Law | CourtGPT
  1. Home/
  2. Laws/
  3. Alaska/
  4. Title 45 - Trade and Commerce/
  5. Chapter 29 - Secured Transactions/
  6. Article 3 - Perfection and Priority.sec. 45.29.301. Law Governing Perfection and Priority of Security Interests/
  7. § 45-29-332
Alaska Legal Code

§ 45-29-332

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(a) 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) 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.