Michigan Compiled Laws § 440.8502 Action Based On Adverse Claim.


440.8502 Action based on adverse claim.

Sec. 8502.

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 for value and without notice of the adverse claim.


History: Add. 1998, Act 278, Imd. Eff. July 27, 1998


Section: 440.8501  440.8502  440.8503  440.8504  440.8505  440.8506  440.8507  440.8508  440.8509  440.8510  440.8511    Next

Last modified: October 10, 2016