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 acquired a security entitlement with respect to such
financial asset under Section 7-8-501 for value and without notice of the adverse claim.
History: (Acts 1996, No. 96-742, p. 1241, §1.)