BlackletterCalifornia law

Commercial Code § 8502

CHAPTER 5. Security Entitlements

Current as of September 28, 2026Com. Code, § 8502Official source ↗

Added by Stats. 1996, Ch. 497, Sec. 9. Effective January 1, 1997.

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.