N.J.S.A. 12A:8-502

Assertion of Adverse Claim Against Entitlement Holder.

12A: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 12A:8-501 for value and without notice of the adverse claim. L.1997,c.252,s.1.

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This is the verbatim text of N.J.S.A. 12A:8-502, retrieved from the New Jersey Legislature's public statute corpus. Statutes are amended periodically — for the most current version, check the external source link above. Kyzer is not a law firm and this page is not legal advice.

N.J.S.A. 12A:8-502 — Assertion of Adverse Claim Against Entitlement Holder. | Kyzer