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 8501 for value and without notice of the adverse claim.
(Added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.)
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