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 § 8.8A-501 for value and without notice of the adverse claim.
1996, c. 216.
Structure Code of Virginia
Title 8.8A - Commercial Code - Investment Securities
§ 8.8A-501. Securities account; acquisition of security entitlement from securities intermediary
§ 8.8A-502. Assertion of adverse claim against entitlement holder
§ 8.8A-504. Duty of securities intermediary to maintain financial asset
§ 8.8A-505. Duty of securities intermediary with respect to payments and distributions
§ 8.8A-506. Duty of securities intermediary to exercise rights as directed by entitlement holder
§ 8.8A-507. Duty of securities intermediary to comply with entitlement order
§ 8.8A-510. Rights of purchaser of security entitlement from entitlement holder
§ 8.8A-511. Priority among security interests and entitlement holders