New York Uniform Commercial Code Law Section 8-502 - Assertion of Adverse Claim against Entitlement Holder.

Section 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 Section 8--501 for value and  without  notice
  of the adverse claim.

Last modified: February 3, 2019