N.Y. U.C.C. Law § 8-502

Current through 2024 NY Law Chapter 443

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 Section 8-501 for value and without notice of the adverse claim.

N.Y. U.c.c. Law § 8-502