Assertion of adverse claim against entitlement holder

09A V.S.A. ch. 008, § 502, under Chapter 008: Article 008: Investment Securities.

09A V.S.A. ch. 008, § 502

§ 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 of this title for value and without notice of the adverse claim. (Added 1995, No. 92 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)