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 K.S.A. 84-8-501 for value and without notice of the adverse claim.
K.S.A. 84-8-502
Assertion of adverse claim against entitlement holder
L. 1996, ch. 202, § 69; July 1.
Official source: Kansas Office of Revisor of Statutes. Reproduced from public-domain Kansas statutes; confirm against the official source for the current text. Not legal advice.