California Statutes

§ 8502. — 8502. (Added by Stats. 1996, Ch. 497, Sec. 9.)

California § 8502.
JurisdictionCalifornia
Code COMCommercial Code - COM
Div. 8.DIVISION 8. INVESTMENT SECURITIES
Ch. 5.CHAPTER 5. Security Entitlements

This text of California § 8502. (8502. (Added by Stats. 1996, Ch. 497, Sec. 9.)) is published on Counsel Stack Legal Research, covering California primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

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Cal. Commercial Code - COM Code § 8502. (2026).

Text

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 8501 for value and without notice of the adverse claim.

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Legislative History

Added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.
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California § 8502., Counsel Stack Legal Research, https://law.counselstack.com/statute/ca/COM/8502..