Statutes > New Mexico Statutes > Chapter 55 - Uniform Commercial Code. > Article 8 - Investment Securities, 55-8-101 through 55-8-511. > Section 55-8-502 - Assertion of adverse claim against entitlement holder.

Section 55-8-502 - Assertion of adverse claim against entitlement holder.

55-8-502. 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 Section 55-8-501 NMSA 1978 for value and without notice of the adverse claim.