(9-332) Transfer of money - Transfer of funds from deposit account
N.D. Cent. Code § 41-09-52
in effect41-09-52. (9-332) Transfer of money - Transfer of funds from deposit account
1. 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.
2. 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.
3. 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: Open US Law by Vaquill AI (CC BY 4.0)URL: https://ndlegis.gov/cencode/t41c09.pdf#nameddest=41-09-52Fetched: 10/16/2026