Me. Stat. tit. 11 § 9-1332

Current through 131st (2023-2024) Legislature Chapter 684
Section 9-1332 - [Effective 7/1/2025] Transfer of money; transfer of funds from deposit account
(1). A transferee of 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.

11 M.R.S. § 9-1332

Amended by 2024, c. 669,§ A-129, eff. 7/1/2025.
1999, c. 699, §A2 (NEW) . 1999, c. 699, §A4 (AFF) .
This section is set out more than once due to postponed, multiple, or conflicting amendments.