Tex. Bus. & Com. Code § 8.502

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 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.

Tex. Bus. and Comm. Code § 8.502

Added by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff. 9/1/1995.