Sec. 8-502. Assertion of adverse claim against entitlement holder.
56 words·~1 min read·
/il/chapter-810/act-5/8-502A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Sec. 8-502. Assertion of adverse claim against entitlement holder. 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 8-501 for value and without notice of the adverse claim.