Montana Code Annotated 2019

TITLE 30. TRADE AND COMMERCE

CHAPTER 8. UNIFORM COMMERCIAL CODE INVESTMENT SECURITIES

Part 5. Security Entitlements

Assertion Of Adverse Claim Against Entitlement Holder

30-8-502. 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 30-8-501 for value and without notice of the adverse claim.

History: En. Sec. 62, Ch. 536, L. 1997.