Entire section Link Text Only Rich Text Print Custom print

Article 30 - Priority: transferees of Money

A transferee of Money or funds from a deposit account takes the Money or funds free of any perfected or unperfected Security Interest in it if the holder:

(A) acquires the Money or funds without knowledge that it is subject to a Security Interest; or
(B) acquires the Money or funds for value in the ordinary course of business, whether or not the holder acquires the Money without knowledge that it is subject to a Security Interest.