New Mexico Statutes

§ 55-8-502 — Assertion of adverse claim against entitlement holder

New Mexico § 55-8-502
JurisdictionNew Mexico
Ch. 55Uniform Commercial Code
Art. 8Investment Securities

This text of New Mexico § 55-8-502 (Assertion of adverse claim against entitlement holder) is published on Counsel Stack Legal Research, covering New Mexico primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook
N.M. Stat. Ann. § 55-8-502 (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 55-8-501 NMSA 1978 for value and without notice of the adverse claim.

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Legislative History

1978 Comp., § 55-8-502, enacted by Laws 1996, ch. 47, § 46.

Nearby Sections

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Bluebook (online)
New Mexico § 55-8-502, Counsel Stack Legal Research, https://law.counselstack.com/statute/nm/55/55-8-502.