30-8-502. 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 30-8-501 for value and without notice of the adverse claim.
History: En. Sec. 62, Ch. 536, L. 1997.
Structure Montana Code Annotated
Chapter 8. Uniform Commercial Code Investment Securities
30-8-501. Securities account -- acquisition of security entitlement from securities intermediary
30-8-502. Assertion of adverse claim against entitlement holder
30-8-503. Property interest of entitlement holder in financial asset held by securities intermediary
30-8-504. Duty of securities intermediary to maintain financial asset
30-8-505. Duty of securities intermediary with respect to payments and distributions
30-8-506. Duty of securities intermediary to exercise rights as directed by entitlement holder
30-8-507. Duty of securities intermediary to comply with entitlement order
30-8-510. Rights of purchaser of security entitlement from entitlement holder
30-8-511. Priority among security interests and entitlement holders