Mich. Comp. Laws § 440.8502

Current through Public Act 171 of the 2024 Legislative Session
Section 440.8502 - Action based on adverse claim

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.

MCL 440.8502

Add. 1998, Act 278, Imd. Eff. 7/27/1998.