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 of this title for value and without notice of the adverse claim. Added by Laws 1995, c. 242, § 42, eff. Feb. 1, 1996. Amended by Laws 2000, c. 371, § 165, eff. July 1, 2001.