New Jersey Code § 12A:8-502

Assertion of Adverse Claim Against Entitlement Holder.
Open in Lexace · Ask the AI about this section
12A: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 12A:8-501 for value and without notice of the adverse claim.
L.1997,c.252,s.1.

‹ Prev All New Jersey sections Next ›


Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.