Transfer of money; transfer of funds from deposit account

Wis. Stat. § 409.332
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(1) 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. (2) 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.
Source: WI Statutes (Official Site)URL: https://docs.legis.wisconsin.gov/document/statutes/409.332Fetched: 10/7/2026