N.D. Cent. Code § 41-08-42

Current through 2023 Legislative Sessions

Section 41-08-42 - (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 41-08-41 for value and without notice of the adverse claim.

N.D.C.C. § 41-08-42