§ 440.8502

440.8502 Action based on adverse claim. Sec. 8502. 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. History: Add. 1998, Act 278, Imd. Eff. July 27, 1998