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2019 New Jersey Revised Statutes
Title 12A - Commercial Transactions
Section 12A:8-502 - Assertion of Adverse Claim Against Entitlement Holder.
Universal Citation: NJ Rev Stat § 12A:8-502 (2019)
12A:8-502. 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 12A:8-501 for value and without notice of the adverse claim.
L.1997,c.252,s.1.
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