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 § 4-8-501 for value and without notice of the adverse claim.
Ark. Code Ann. § 4-8-502
Assertion of adverse claim against entitlement holder
Known as the Uniform Commercial Code
The act spans §§ 4–4 (597 sections).
Acts 1995, No. 425, § 1.
Current official text: Arkansas General Assembly. Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Arkansas statutes; confirm against the official source for the current text. Not legal advice.