Md. Code, Com. § 8-502

Current with changes from the 2024 Legislative Session

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 § 8-501 of this subtitle for value and without notice of the adverse claim.

Md. Code, CL § 8-502