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Alaska Statutes.
Title 45. Trade and Commerce
Chapter 8. Investment Securities
Section 502. Assertion of Adverse Claim Against Entitlement Holder.
previous: Section 501. Acquisition of Security Entitlement From Securities Intermediary; Securities Account.
next: Section 503. Property Interest of Entitlement Holder in Financial Asset Held By Securities Intermediary.

AS 45.08.502. Assertion of Adverse Claim Against Entitlement Holder.

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 AS 45.08.501 for value and without notice of the adverse claim.

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Last modified 9/3/2005