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§ 12a-8-502 — New Jersey Law | CourtGPT
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New Jersey Legal Code

§ 12a-8-502

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12A: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 12A:8-501 for value and without notice of the adverse claim. L.1997,c.252,s.1.