North Dakota Statutes

§ 41-08-42 — (8-502) Assertion of adverse claim against entitlement holder

North Dakota § 41-08-42
JurisdictionNorth Dakota
Title 41Uniform Commercial Code
Ch. 41-08Investment Securities

This text of North Dakota § 41-08-42 ((8-502) Assertion of adverse claim against entitlement holder) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.D. Cent. Code § 41-08-42 (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 41-08-41 for value and without notice of the adverse claim.

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Bluebook (online)
North Dakota § 41-08-42, Counsel Stack Legal Research, https://law.counselstack.com/statute/nd/41-08-42.