N.Y. Uniform Commercial Code Law Section 9-332
Transfer of Money

  • Transfer of Funds from Deposit Account

* Section 9--332. Transfer of Money; Transfer of Funds from Deposit Account.

(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. * NB Effective until June 3, 2026 * Section 9--332. Transfer of Money; Transfer of Funds from Deposit Account.

(a)

Transferee of tangible money. 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)

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 if the transferee receives the funds without acting in collusion with the debtor in violating the rights of the secured party.

(c)

Transferee of electronic money. 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. * NB Effective June 3, 2026

Source: Section 9-332 — Transfer of Money; Transfer of Funds from Deposit Account, https://www.­nysenate.­gov/legislation/laws/UCC/9-332 (updated Dec. 12, 2025; accessed Dec. 13, 2025).

9–317
Interests That Take Priority over or Take Free of Security Interest or Agricultural Lien
9–318
No Interest Retained in Right to Payment That Is Sold
9–319
Rights and Title of Consignee with Respect to Creditors and Purchasers
9–320
Buyer of Goods
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
9–323
Future Advances
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
9–326A
Priority of Security Interest in Controllable Account, Controllable Electronic Record, and Controllable Payment Intangible
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
9–331
Priority of Rights of Purchasers of Instruments, Documents, and Securities under Other Articles
9–332
Transfer of Money
9–333
Priority of Certain Liens Arising by Operation of Law
9–334
Priority of Security Interests in Fixtures and Crops
9–335
Accessions
9–336
Commingled Goods
9–337
Priority of Security Interests in Goods Covered by Certificate of Title
9–338
Priority of Security Interest or Agricultural Lien Perfected by Filed Financing Statement Providing Certain Incorrect Information
9–339
Priority Subject to Subordination

Verified:
Dec. 13, 2025

Last modified:
Dec. 12, 2025

§ 9-332. Transfer of Money's source at nysenate​.gov

Link Style