Texas Business and Commerce Code

Sec. § 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 (Securities Account; Acquisition of Security Entitlement From Securities Intermediary) for value and without notice of the adverse claim.
Added by Acts 1995, 74th Leg., ch. 962, Sec. 1, eff. Sept. 1, 1995.

Last accessed
Jun. 7, 2021