Mass. Gen. Laws ch. 106 § 8-502

Current through Chapters 1 to 249 and Chapters 253 to 255 of the 2024 Legislative Session

Section 106:8-502 - 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 section 8-501 for value and without notice of the adverse claim.

Mass. Gen. Laws ch. 106, § 8-502