Arizona Revised Statutes (Last Updated: March 31, 2016) |
Title 47. Uniform Commercial Code |
Chapter 8. INVESTMENT SECURITIES |
Article 5. Security Entitlements |
Sec 47-8502. Assertion of adverse claim against entitlement holder
Latest version.
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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 47-8501 for value and without notice of the adverse claim.