N.C. Gen. Stat. § 25-8-502
Assertion of adverse claim against entitlement holder
Redline — June 1, 2021 → current.View current text →
Current — April 1, 2022
As of June 1, 2021
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 G.S. 25-8-501 for value and without notice of the adverse claim.
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 G.S. 25-8-501 for value and without notice of the adverse claim.
History
(1997-181, s. 1.)
AMENDED OFFICIAL COMMENT (1999 ED.)
Official source: North Carolina General Assembly. Reproduced from public-domain North Carolina statutes; confirm against the official source for the current text. Not legal advice.