§ 6A-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 § 6A-8-501 for value and without notice of the adverse claim.
History of Section.P.L. 2000, ch. 182, § 5; P.L. 2000, ch. 420, § 5.
Structure Rhode Island General Laws
Title 6A - Uniform Commercial Code
Chapter 6A-8 - Investment Securities
Part 5 - Security Entitlements
Section 6A-8-502. - Assertion of adverse claim against entitlement holder.
Section 6A-8-504. - Duty of securities intermediary to maintain financial asset.
Section 6A-8-505. - Duty of securities intermediary with respect to payments and distributions.
Section 6A-8-507. - Duty of securities intermediary to comply with entitlement order.
Section 6A-8-510. - Rights of purchaser of security entitlement from entitlement holder.
Section 6A-8-511. - Priority among security interests and entitlement holders.