554.8502 Assertion of adverse claim against entitlement holder.
57 words·~1 min read·
/ia/chapter-554-uniform-commercial-code/554-8502A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An action based on an adverse claim to a financial asset, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be asserted against a person who acquires a security entitlement under section 554.8501 for value and without notice of the adverse claim.
96 Acts, ch 1138, §49, 84
Referred to in §554.8510