§8-1502. Assertion of adverse claim against entitlement holder
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 8-1501 for value and without notice of the adverse claim. [PL 1997, c. 429, Pt. B, §2 (NEW).]
SECTION HISTORY
PL 1997, c. 429, §B2 (NEW).
Structure Maine Revised Statutes
TITLE 11: UNIFORM COMMERCIAL CODE
Article 8-A: INVESTMENT SECURITIES
11 §8-1501. Securities account; acquisition of security entitlement from securities intermediary
11 §8-1502. Assertion of adverse claim against entitlement holder
11 §8-1504. Duty of securities intermediary to maintain financial asset
11 §8-1505. Duty of securities intermediary with respect to payments and distributions
11 §8-1506. Duty of securities intermediary to exercise rights as directed by entitlement holder
11 §8-1507. Duty of securities intermediary to comply with entitlement order
11 §8-1510. Rights of purchaser of security entitlement from entitlement holder
11 §8-1511. Priority among security interests and entitlement holders