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<law><site_title>Virginia Decoded</site_title><site_url>https://vacode.org</site_url><law_id>72041</law_id><section_number>8.8A-502</section_number><catch_line>Assertion of adverse claim against entitlement holder</catch_line><edition url="https://vacode.org/2025/" slug="2025" current="TRUE" last_updated="">2025</edition><referred_to_by><reference>8.8A-510</reference></referred_to_by><structure><unit label="title" level="1" order_by="1" identifier="8.8A">Commercial Code &#x2014; Investment Securities</unit><unit label="part" level="2" order_by="1" identifier="5">Security Entitlements</unit></structure><text>
						<section><p>An action based on an adverse claim to a financial asset, whether framed in conversion, replevin, constructive trust, <span class="dictionary">equitable</span> <span class="dictionary">lien</span>, or other theory, may not be asserted against a person who acquires a security entitlement under &#xA7;&#xA0;<a class="law" title="Securities account; acquisition of security entitlement from securities intermediary" href="/8.8A-501/">8.8A-501</a> for value and without notice of the adverse claim.</p></section></text><history>1996, c. 216.</history><metadata></metadata></law>
