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 acquired a security entitlement with respect to such financial asset under Section 7-8-501 for value and without notice of the adverse claim.
Structure Code of Alabama
Article 8 - Investment Securities.
Part 5 - Security Entitlements.
Section 7-8-502 - Assertion of Adverse Claim Against Entitlement Holder.
Section 7-8-504 - Duty of Securities Intermediary to Maintain Financial Asset.
Section 7-8-505 - Duty of Securities Intermediary With Respect to Payments and Distributions.
Section 7-8-507 - Duty of Securities Intermediary to Comply With Entitlement Order.
Section 7-8-510 - Rights of Purchaser of Security Entitlement From Entitlement Holder.
Section 7-8-511 - Priority Among Security Interests and Entitlement Holders.