RCW 62A.8-502: Assertion of adverse claim against entitlement holder.

RCWs > Title 62A > Chapter 62A.8 > Section 62A.8-502

These documents are currently being revised to incorporate the changes made during the 2024 Legislative Session. Please consult the Sections Affected Table for changes made during the 2024 Legislative Session.

62A.8-501 << 62A.8-502 >> 62A.8-503

PDFRCW 62A.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 RCW 62A.8-501 for value and without notice of the adverse claim.

[ 1995 c 48 § 42.]

NOTES:

Effective date—1995 c 48: See RCW 62A.11-113.