Alaska Statutes: AS 45.29.332. Transfer of Money; Transfer of Funds From Deposit Account.

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Alaska Statutes. Title 45. Trade and Commerce Chapter 29. Secured Transactions Section 332. Transfer of Money; Transfer of Funds From Deposit Account.

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AS 45.29.332. Transfer of Money; Transfer of Funds From Deposit Account.

(a) 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.
(b) 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.

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Last modified 9/3/2005