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§12A-8-115.


§12A-8-115.
   
   Securities Intermediary and Others Not Liable to Adverse Claimant.
   
   A securities intermediary that has transferred a financial asset
   pursuant to an effective entitlement order, or a broker or other agent
   or bailee that has dealt with a financial asset at the direction of
   its customer or principal, is not liable to a person having an adverse
   claim to the financial asset, unless the securities intermediary, or
   broker or other agent or bailee:
   
   (1) took the action after it has been served with an injunction,
   restraining order, or other legal process enjoining it from doing so,
   issued by a court of competent jurisdiction, and had a reasonable
   opportunity to act on the injunction, restraining order, or other
   legal process; or
   
   (2) acted in collusion with the wrongdoer in violating the rights of
   the adverse claimant; or
   
   (3) in the case of a security certificate that has been stolen, acted
   with notice of the adverse claim.
   

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