North Dakota Statutes

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

North Dakota·Title 41 Uniform Commercial Code·Ch. 41-08 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 41-08-41 for value and without notice of the adverse claim.

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