70A-8-502. Assertion of adverse claim against entitlement holder.
63 words·~1 min read·
/ut/title-70a/chapter-8/70a-8-502·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
70A-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 70A-8-501 for value and without notice of the adverse claim.
Enacted by Chapter 204 , 1996 General Session