Section 45.08.502. Assertion of adverse claim against entitlement holder.

Latest version.

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 AS 45.08.501 for value and without notice of the adverse claim.

Authorities

45.08.510

Notes

References

AS 45.08.510 Rights of purchaser of security entitlement from entitlement holder.

History

(Sec. 47 ch 17 SLA 1996)

                    
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