Code of Virginia - Title 8.8A Commercial Code - Investment Securities - Section 8.8A-502 Assertion of adverse claim against entitlement holder

§ 8.8A-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 § 8.8A-501 for value and without notice of the adverse claim.

(1996, c. 216.)

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Last modified: April 3, 2009