---
title: O.C.G.A. § 11-9-332. Transfer of money; transfer of funds from deposit account.
collection: code
id: 11-9-332
cite_as: O.C.G.A. § 11-9-332 (2025)
canonical_url: https://georgiacommons.org/code/11-9-332
md_url: https://georgiacommons.org/code/11-9-332.md
text_url: https://georgiacommons.org/code/11-9-332/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t11-(v9)-pdf.pdf?sfvrsn=df925151_0#page=126
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
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version: the only printed version
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current_through: Including Acts of the 2025 Regular Session of the General Assembly
heading_path: COMMERCIAL CODE / SECURED TRANSACTIONS / PERFECTION AND PRIORITY / Priority
---

# O.C.G.A. § 11-9-332. 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.

## History

Code 1981, § 11-9-332, enacted by Ga. L. 2001, p. 362, § 1; Ga. L. 2024, p. 817, § 5-67/HB 1240, effective July 1, 2024.

## Editor's Notes

Ga. L. 2024, p. 817, § 1-1/HB 1240, not codified by the General Assembly, provides: “This Act shall be known and may be cited as the ‘Uniform Commercial Code Modernization Act of 2024.’”

Ga. L. 2024, p. 817, § 1-2/HB 1240, not codified by the General Assembly, provides: “Nothing in this Act shall be construed to support, endorse, create, or implement a national digital currency.”

## Amendments

The 2024 amendment, effective July 1, 2024, in subsection (a), inserted “tangible” in the subsection catchline and near the beginning of the sentence, and substituted “if the transferee receives possession of the money without acting” for “unless the transferee acts” near the middle; substituted “if the transferee receives the funds without acting” for “unless the transferee acts” in the middle of subsection (b); and added subsection (c).