The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
(Cite as: 9A V.S.A. § 9-332)
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§ 9—332. Transfer of money; transfer of funds from deposit account
(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. (Added 1999, No. 106 (Adj. Sess.), § 2, eff. July 1, 2001; amended 2025, No. 17, § 9, eff. July 1, 2025.)