§8-1502. Assertion of adverse claim against entitlement holder
55 words·~1 min read·
/me/title-11-uniform-commercial-code/8-1502A 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 8‑1501 for value and without notice of the adverse claim. [PL 1997, c. 429, Pt. B, §2 (NEW).]