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December 28, 2024 Clouds | 42°F
The 193rd General Court of the Commonwealth of Massachusetts
  1. General Laws
  2. Part I ADMINISTRATION OF THE GOVERNMENT
  3. Title XV REGULATION OF TRADE
  4. Chapter 106 UNIFORM COMMERCIAL CODE
  5. Article 8 INVESTMENT SECURITIES
  6. Section 8-502 Assertion of Adverse Claim Against Entitlement Holder

Section 8-502

Section 8-502: Assertion of Adverse Claim Against Entitlement Holder

Section 8–502. 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.