Assertion of Adverse Claim Against Entitlement Holder

1. Law
2. Georgia Code
3. Commercial Code
4. Investment Securities
5. Security Entitlements
6. 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 Code Section 11-8-501 for value and without notice of the adverse claim.

(Code 1981, §11-8-502, enacted by Ga. L. 1998, p. 1323, § 1.)

RESEARCH REFERENCES

U.L.A.

- Uniform Commercial Code (U.L.A.) § 8-502.

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