Section 9332.
Cal. Commercial Code - COM § 9332.
in effect(a)
A transferee of tangible 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.
(b)
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.
(c)
A transferee of electronic money takes the money free of a security interest if the transferee obtains control of the money without acting in collusion with the debtor in violating the rights of the secured party.
Source: CA Legislative Counsel Bulk DataURL: https://downloads.leginfo.legislature.ca.gov/pubinfo_2025.zipFetched: 6/27/2026