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California Commercial Code

§ 8502

COM § 8502 Effective Jan 1, 1997Div. 8 · Ch. 5

Statute text

View on leginfo.ca.gov
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 8501 for value and without notice of the adverse claim.

Legislative history

Added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.

Source: California Commercial Code § 8502 from the California Legislative Information (public record). DecisionDepot is for informational use only and is not legal advice — verify against the official source before relying on this text.