§ 8502. 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 8501 (relating to securities account; acquisition of security entitlement from securities intermediary) for value and without notice of the adverse claim.
Cross References. Section 8502 is referred to in section 8510 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Chapter 85 - Security Entitlements
Section 8501 - Securities account; acquisition of security entitlement from securities intermediary
Section 8502 - Assertion of adverse claim against entitlement holder
Section 8504 - Duty of securities intermediary to maintain financial asset
Section 8505 - Duty of securities intermediary with respect to payments and distributions
Section 8506 - Duty of securities intermediary to exercise rights as directed by entitlement holder
Section 8507 - Duty of securities intermediary to comply with entitlement order
Section 8510 - Rights of purchaser of security entitlement from entitlement holder
Section 8511 - Priority among security interests and entitlement holders