S.D. Codified Laws § 57A-8-502

Current through the 2024 Legislative Session

Section 57A-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 § 57A-8-501 for value and without notice of the adverse claim.

SDCL 57A-8-502

SL 1998, ch 284, §1.