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 § 4-8-501 for value and without notice of the adverse claim.
Structure Arkansas Code
Title 4 - Business and Commercial Law
Subtitle 1 - Uniform Commercial Code
Chapter 8 - Investment Securities
Part 5 - Security Entitlements
§ 4-8-501. Securities account — Acquisition of security entitlement from securities intermediary
§ 4-8-502. Assertion of adverse claim against entitlement holder
§ 4-8-504. Duty of securities intermediary to maintain financial asset
§ 4-8-505. Duty of securities intermediary with respect to payments and distributions
§ 4-8-506. Duty of securities intermediary to exercise rights as directed by entitlement holder
§ 4-8-507. Duty of securities intermediary to comply with entitlement order
§ 4-8-510. Rights of purchaser of security entitlement from entitlement holder
§ 4-8-511. Priority among security interests and entitlement holders