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 42a-8-501 for value and without notice of the adverse claim.
(P.A. 97-182, S. 42.)
Structure Connecticut General Statutes
Title 42a - Uniform Commercial Code
Article 8 - Investment Securities
Section 42a-8-101. - Short title: Uniform Commercial Code–Investment Securities.
Section 42a-8-102. - Definitions.
Section 42a-8-104. - Acquisition of security or financial asset or interest therein.
Section 42a-8-105. - Notice of adverse claim.
Section 42a-8-107. - Whether endorsement, instruction or entitlement order is effective.
Section 42a-8-108. - Warranties in direct holding.
Section 42a-8-109. - Warranties in indirect holding.
Section 42a-8-110. - Applicability; choice of law.
Section 42a-8-111. - Clearing corporation rules.
Section 42a-8-112. - Creditor's legal process.
Section 42a-8-113. - Statute of frauds inapplicable.
Section 42a-8-114. - Evidentiary rules concerning certificated securities.
Section 42a-8-115. - Securities intermediary and others not liable to adverse claimant.
Section 42a-8-116. - Securities intermediary as purchaser.
Section 42a-8-202. - Issuer's responsibility and defenses; notice of defect or defense.
Section 42a-8-203. - Staleness as notice of defect or defense.
Section 42a-8-204. - Effect of issuer's restriction on transfer.
Section 42a-8-205. - Effect of unauthorized signature on security certificate.
Section 42a-8-206. - Completion or alteration of security certificate.
Section 42a-8-207. - Rights and duties of issuer with respect to registered owners.
Section 42a-8-208. - Effect of signature of authenticating trustee, registrar or transfer agent.
Section 42a-8-209. - Issuer's lien.
Section 42a-8-210. - Overissue.
Section 42a-8-301. - Delivery.
Section 42a-8-302. - Rights of purchaser.
Section 42a-8-303. - Protected purchaser.
Section 42a-8-304. - Endorsement.
Section 42a-8-305. - Instruction.
Section 42a-8-306. - Effect of guaranteeing signature, endorsement or instruction.
Section 42a-8-307. - Purchaser's right to requisites for registration of transfer.
Section 42a-8-401. - Duty of issuer to register transfer.
Section 42a-8-402. - Assurance that endorsement or instruction is effective.
Section 42a-8-403. - Demand that issuer not register transfer.
Section 42a-8-404. - Wrongful registration.
Section 42a-8-405. - Replacement of lost, destroyed or wrongfully taken security certificate.
Section 42a-8-407. - Authenticating trustee, transfer agent and registrar.
Section 42a-8-408. - Statement of uncertificated securities.
Section 42a-8-502. - Assertion of adverse claim against entitlement holder.
Section 42a-8-504. - Duty of securities intermediary to maintain financial asset.
Section 42a-8-505. - Duty of securities intermediary with respect to payments and distributions.
Section 42a-8-507. - Duty of securities intermediary to comply with entitlement order.
Section 42a-8-510. - Rights of purchaser of security entitlement from entitlement holder.
Section 42a-8-511. - Priority among security interests and entitlement holders.