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This entry was published on 2014-09-22
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SECTION 8-502
Assertion of Adverse Claim against Entitlement Holder
Uniform Commercial Code (UCC) CHAPTER 38, ARTICLE 8, PART 5
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.