(a) Transferee of money. 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) Transferee of funds from deposit account. 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.
Structure New York Laws
Article 9 - Secured Transactions
Part 3 - Perfection and Priority
9-317 - Interests That Take Priority Over or Take Free of Security Interest or Agricultural Lien.
9-319 - Rights and Title of Consignee With Respect to Creditors and Purchasers.
9-321 - Licensee of General Intangible and Lessee of Goods in Ordinary Course of Business
9-322 - Priorities Among Conflicting Security Interests in and Agricultural Liens on Same Collateral
9-324 - Priority of Purchase-Money Security Interests
9-325 - Priority of Security Interests in Transferred Collateral
9-326 - Priority of Security Interests Created by New Debtor
9-327 - Priority of Security Interests in Deposit Account
9-328 - Priority of Security Interests in Investment Property
9-329 - Priority of Security Interests in Letter-of-Credit Right
9-330 - Priority of Purchaser of Chattel Paper or Instrument
9-332 - Transfer of Money; Transfer of Funds From Deposit Account
9-333 - Priority of Certain Liens Arising by Operation of Law
9-334 - Priority of Security Interests in Fixtures and Crops
9-337 - Priority of Security Interests in Goods Covered by Certificate of Title