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2020 South Dakota Codified Laws
Title 57A - Uniform Commercial Code
Chapter 08 - Investment Securities
Section 57A-8-502 - Assertion of adverse claim against entitlement holder.
Universal Citation: SD Codified L § 57A-8-502 (2020)
57A-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 §57A-8-501 for value and without notice of the adverse claim.
Source: SL 1998, ch 284, §1.
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