D.C. Code § 28:8-502

Current through codified legislation effective October 30, 2024
Section 28:8-502 - 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 § 28:8-501 for value and without notice of the adverse claim.

D.C. Code § 28:8-502

Apr. 9, 1997, D.C. Law 11-240, § 2, 44 DCR 1087.