(1) Took the action after it had been served with an injunction, restraining order, or other legal process enjoining it from doing so, issued by a court of competent jurisdiction, and had a reasonable opportunity to act on the injunction, restraining order, or other legal process; or
(2) Acted in collusion with the wrongdoer in violating the rights of the adverse claimant; or
(3) In the case of a security certificate that has been stolen, acted with notice of the adverse claim.
History.—s. 1, ch. 98-11.
Structure Florida Statutes
Title XXXIX - Commercial Relations
Chapter 678 - Uniform Commercial Code: Investment Securities
Part I - Short Title and General Matters (Ss. 678.1011-678.1171)
678.1041 - Acquisition of security or financial asset or interest therein.
678.1051 - Notice of adverse claim.
678.1071 - Whether indorsement, instruction, or entitlement order is effective.
678.1081 - Warranties in direct holding.
678.1091 - Warranties in indirect holding.
678.1101 - Applicability; choice of law.
678.1111 - Clearing corporation rules.
678.1121 - Creditor’s legal process.
678.1131 - Statute of frauds inapplicable.
678.1141 - Evidentiary rules concerning certificated securities.
678.1151 - Securities intermediary and others not liable to adverse claimant.