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Code · Wisconsin · Chapter 408 — Uniform commercial code — investment securities

408.502 Assertion of adverse claim against entitlement holder.

55 words·~1 min read·/wi/chapter-408/408-502-5

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408.502 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 s. 408.501 for value and without notice of the adverse claim.
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