Idaho Statutes

§ 28-8-502 — ASSERTION OF ADVERSE CLAIM AGAINST ENTITLEMENT HOLDER

Idaho·Title 28 COMMERCIAL TRANSACTIONS·Part 5. SECURITY ENTITLEMENTS·Ch. 8 INVESTMENT SECURITIES
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 28-8-501, for value and without notice of the adverse claim.

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Legislative History

[28-8-502, added 1995, ch. 272, sec. 2, p. 895.]

Nearby Sections

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