Statute · New York Uniform Commercial Code
N.Y. U.C.C. Law § 8-502 — Assertion of Adverse Claim against Entitlement Holder
N.Y. U.C.C. Law § 8-502
- Type
- Statute
- Source
- New York Uniform Commercial Code
- Jurisdiction
- New York
- Current through
- Nov 5, 2026 (NY Senate Open Legislation)
Section 8--502. Assertion of Adverse Claim against Entitlement Holder.
Citator
N.Y. U.C.C. Law § 8-502 — Assertion of Adverse Claim against Entitlement Holder is in force in the current edition of the Code, and nothing recorded condemns it.
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.