Section 336.8-502 Assertion of Adverse Claim Against Entitlement Holder - Minnesota Statutes

336.8-502 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 336.8-501 for value and without notice of the adverse claim.

History:

1995 c 194 art 1 s 42