12A:8-502 - Assertion of Adverse Claim Against Entitlement Holder - New Jersey Statutes

12A: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 12A:8-501 for value and without notice of the adverse claim.

L.1997,c.252,s.1.