13 Pa. C.S. § 8502

Current through Pa Acts 2024-53, 2024-56 through 2024-92

Section 8502 - 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 8501 (relating to securities account; acquisition of security entitlement from securities intermediary) for value and without notice of the adverse claim.

13 Pa.C.S. § 8502

1996, May 22, P.L. 248, No. 44, § 8, effective in 180 days.