Section 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 8--501 for value and without notice of the adverse claim.
Assertion of Adverse Claim against Entitlement Holder
N.Y. Uniform Commercial Code Law § 8-502, under Security Entitlements.
N.Y. Uniform Commercial Code Law § 8-502