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.
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