{"code":"COM","codeName":"Commercial Code","section":"9332","citation":"Com. Code, § 9332","status":"in-force","lawOn":"2026-09-28","headings":[{"name":"DIVISION 9. SECURED TRANSACTIONS [9101. - 9907.]","url":"https://blackletter.si/commercial-code/division-9"},{"name":"CHAPTER 3. Perfection and Priority [9301. - 9342.]","url":"https://blackletter.si/commercial-code/division-9/chapter-3"}],"history":"Amended by Stats. 2023, Ch. 210, Sec. 53.   (SB 95)   Effective January 1, 2024.","effective":"2024-01-01","html":"<p>(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.</p><p>(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.</p><p>(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.</p>","text":"(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.","otherVersions":[],"url":"https://blackletter.si/commercial-code/perfection-and-priority-9332","source":"California Legislative Information bulk export (pubinfo)"}