New York Statutes
§ 8-502 — Assertion of Adverse Claim against Entitlement Holder
Section 8--502. Assertion of Adverse Claim against Entitlement Holder.\n An action based on an adverse claim to a financial asset, whether\nframed in conversion, replevin, constructive trust, equitable lien, or\nother theory, may not be asserted against a person who acquires a\nsecurity entitlement under Section 8--501 for value and without notice\nof the adverse claim.\n
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Nearby Sections
15
§ 8-101
Short Title§ 8-102
Definitions§ 8-103
Rules for Determining Whether Certain Obligations and Interests are Securities or Financial Assets§ 8-105
Notice of Adverse Claim§ 8-106
Control§ 8-108
Warranties in Direct Holding§ 8-110
Applicability; Choice of Law§ 8-111
Clearing Corporation Rules§ 8-112
Creditor's Legal Process