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.
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Jun. 7, 2021