N.Y. Uniform Commercial Code Law Section 8-502
Assertion of Adverse Claim against Entitlement Holder


Section 8--502. Assertion of Adverse Claim against Entitlement Holder. 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 8--501 for value and without notice of the adverse claim.

Source: Section 8-502 — Assertion of Adverse Claim against Entitlement Holder, https://www.­nysenate.­gov/legislation/laws/UCC/8-502 (updated Sep. 22, 2014; accessed May 4, 2024).

Accessed:
May 4, 2024

Last modified:
Sep. 22, 2014

§ 8-502’s source at nysenate​.gov

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