N.M. Stat. § 55-8-502

Current through 2024, ch. 69

Section 55-8-502 - 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 55-8-501 NMSA 1978 for value and without notice of the adverse claim.

NMS § 55-8-502

1978 Comp., § 55-8-502, enacted by Laws 1996, ch. 47, § 46.