Ky. Rev. Stat. § 355.8-502

Current through 2024 Ky. Acts ch. 225

Section 355.8-502 - 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 KRS 355.8-501 for value and without notice of the adverse claim.

KRS 355.8-502

Effective:1/1/1997
Created 1996, Ky. Acts ch. 130, sec. 155, effective1/1/1997.