Assertion of adverse claim against entitlement holder.

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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 36-8-501 for value and without notice of the adverse claim.

HISTORY: 2001 Act No. 67, Section 5.


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