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 75-8-501 for value and without notice of the adverse claim.
Structure Mississippi Code
Title 75 - Regulation of Trade, Commerce and Investments
Chapter 8 - Uniform Commercial Code-Revised Article 8. Investment Securities
Part 5 - . Security Entitlements
§ 75-8-501. Securities account; acquisition of security entitlement from securities intermediary
§ 75-8-502. Assertion of adverse claim against entitlement holder
§ 75-8-504. Duty of securities intermediary to maintain financial asset
§ 75-8-505. Duty of securities intermediary with respect to payments and distributions
§ 75-8-506. Duty of securities intermediary to exercise rights as directed by entitlement holder
§ 75-8-507. Duty of securities intermediary to comply with entitlement order
§ 75-8-510. Rights of purchaser of security entitlement from entitlement holder
§ 75-8-511. Priority among security interests and entitlement holders