400.8-502. Assertion of adverse claim against entitlement holder. - Missouri Statutes

Assertion of adverse claim against entitlement holder.

400.8-502. An action based on an adverse claim to a financialasset, whether framed in conversion, replevin, constructive trust,equitable lien or other theory, may not be asserted against a person whoacquires a security entitlement under section 400.8-501 for value andwithout notice of the adverse claim.

(L. 1997 S.B. 6)