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8 502 — New York Law | CourtGPT
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  7. 8 502
New York Legal Code

8 502

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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.