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 8-501 for value and without notice of the adverse claim.
Structure Delaware Code
Article 8. Investment Securities
§ 8-501. Securities account; acquisition of security entitlement from securities intermediary.
§ 8-502. Assertion of adverse claim against entitlement holder.
§ 8-503. Property interest of entitlement holder in financial asset held by securities intermediary.
§ 8-504. Duty of securities intermediary to maintain financial asset.
§ 8-505. Duty of securities intermediary with respect to payments and distributions.
§ 8-506. Duty of securities intermediary to exercise rights as directed by entitlement holder.
§ 8-507. Duty of securities intermediary to comply with entitlement order.
§ 8-510. Rights of purchaser of security entitlement from entitlement holder.
§ 8-511. Priority among security interests and entitlement holders.