Cal. Com. Code § 8502

Current through the 2024 Legislative Session.

Section 8502 - 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 8501 for value and without notice of the adverse claim.

Ca. Com. Code § 8502

Added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.