<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 57A-9-332 - Transferee of money or funds from deposit account.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s13749714db454e3bb53b735a0ef02fa5Normal { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s13749714db454e3bb53b735a0ef02fa5SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s13749714db454e3bb53b735a0ef02fa5CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s13749714db454e3bb53b735a0ef02fa5Statute { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s13749714db454e3bb53b735a0ef02fa5DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s13749714db454e3bb53b735a0ef02fa5000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s13749714db454e3bb53b735a0ef02fa5NoIndent { text-indent: 0.00in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s13749714db454e3bb53b735a0ef02fa5DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s13749714db454e3bb53b735a0ef02fa5SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 57A-9-332 - Transferee of money or funds from deposit account."><meta property="og:description" content="SDLRC Codified Law 57A-9-332 - Transferee of money or funds from deposit account."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes/57A-9-332"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s13749714db454e3bb53b735a0ef02fa5Normal"><a href="https://sdlegislature.gov/Statutes?Statute=57A-9-332" rel="noopener"><span class="s13749714db454e3bb53b735a0ef02fa5SENU">57A-9-332</span></a><span xml:space="preserve" class="s13749714db454e3bb53b735a0ef02fa5SENU">. </span><span class="s13749714db454e3bb53b735a0ef02fa5CL">Transferee of money or funds from deposit account.</span></p><p dir="ltr" class="s13749714db454e3bb53b735a0ef02fa5Statute"><span class="s13749714db454e3bb53b735a0ef02fa5DefaultParagraphFont">(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.</span></p><p dir="ltr" class="s13749714db454e3bb53b735a0ef02fa5Statute"><span class="s13749714db454e3bb53b735a0ef02fa5DefaultParagraphFont">(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.</span></p><p dir="ltr" class="s13749714db454e3bb53b735a0ef02fa5Statute"><span class="s13749714db454e3bb53b735a0ef02fa5DefaultParagraphFont">(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.</span></p><p dir="ltr" class="s13749714db454e3bb53b735a0ef02fa5Normal"><span xml:space="preserve" class="s13749714db454e3bb53b735a0ef02fa5000000"> </span></p><p dir="ltr" class="s13749714db454e3bb53b735a0ef02fa5NoIndent"><span xml:space="preserve" class="s13749714db454e3bb53b735a0ef02fa5DefaultParagraphFont-000001">Source: </span><span class="s13749714db454e3bb53b735a0ef02fa5SCL">SL 2000, ch 231; SL 2024, ch 198, § 72.</span></p></div></body></html>