California Commercial Code

§ 8502

Name: California Superior Court Tentative Rulings
Creator: DecisionDepot
License: https://creativecommons.org/licenses/by-nc/4.0/

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.