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Form a Business

Transfer of money; transfer of funds from deposit account.

MCL 440.9332
in effect
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440.9332. Transfer of money; transfer of funds from deposit account. Sec. 9332. (1) 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) 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. Add. 2000, Act 348, Eff. July 1, 2001
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-440-9332Fetched: 10/20/2026

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