Commercial Code section 8502

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 8501 for value and without notice of the adverse claim.

Source: Section 8502, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=COM§ionNum=8502. (accessed May 14, 2025).

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Last Updated

May 12, 2025

§ 8502’s source at ca.gov

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Location: https://california.public.law/codes/commercial_code_section_8502

Original Source: Section 8502, https://leginfo.legislature.ca.gov/faces/codes_displaySection.xhtml?lawCode=COM§ionNum=8502. (last accessed May 12, 2025).