- 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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