62A.8-502 - Assertion of adverse claim against entitlement holder. - Washington Statutes

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 RCW 62A.8-501 for value and without notice of the adverse claim.

[1995 c 48 § 42.]

Notes: Effective date -- 1995 c 48: See RCW 62A.11-113.