47-8-502 - Assertion of adverse claim against entitlement holder. - Tennessee Statutes

47-8-502. 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 § 47-8-501 for value and without notice of the adverse claim.

[Acts 1997, ch. 79, § 1.]