{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/8.8A-502.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/8.8A-502.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/8.8A-502.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/8.8A-502.html"}],"law_id":378343,"edition_id":2,"section_id":378343,"structure_id":53762,"section_number":"8.8A-502","catch_line":"Assertion of adverse claim against entitlement holder","history":"1996, c. 216.","full_text":"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 \u00a7 8.8A-501 for value and without notice of the adverse claim.\n\n","order_by":null,"text":{"0":{"id":1411702,"text":"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 \u00a7 8.8A-501 for value and without notice of the adverse claim.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53762,"edition_id":2,"name":"Security Entitlements","identifier":"5","label":"part","depth":2,"order_by":5,"parent_id":53757,"metadata":{"child_laws":11,"child_structures":0},"date_created":"2026-08-02 03:21:53","date_modified":"2026-08-02 12:28:36","permalink":{"id":1510783,"object_type":"structure","relational_id":53762,"identifier":"5","token":"8.8A\/5","url":"\/8.8A\/5\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53757,"edition_id":2,"name":"Commercial Code \u2014 Investment Securities","identifier":"8.8A","label":"title","depth":1,"order_by":28,"parent_id":null,"metadata":{"child_laws":52,"child_structures":6},"date_created":"2026-08-02 03:21:46","date_modified":"2026-08-02 12:28:35","permalink":{"id":1510613,"object_type":"structure","relational_id":53757,"identifier":"8.8A","token":"8.8A","url":"\/8.8A\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":378342,"structure_id":53762,"section_number":"8.8A-501","catch_line":"Securities account; acquisition of security entitlement from securities intermediary","url":"\/8.8A-501\/","token":"8.8A\/5\/8.8A-501","metadata":false},{"id":378343,"structure_id":53762,"section_number":"8.8A-502","catch_line":"Assertion of adverse claim against entitlement holder","url":"\/8.8A-502\/","token":"8.8A\/5\/8.8A-502","metadata":false},{"id":378344,"structure_id":53762,"section_number":"8.8A-503","catch_line":"Property interest of entitlement holder in financial asset held by securities intermediary","url":"\/8.8A-503\/","token":"8.8A\/5\/8.8A-503","metadata":false},{"id":378345,"structure_id":53762,"section_number":"8.8A-504","catch_line":"Duty of securities intermediary to maintain financial asset","url":"\/8.8A-504\/","token":"8.8A\/5\/8.8A-504","metadata":false},{"id":378346,"structure_id":53762,"section_number":"8.8A-505","catch_line":"Duty of securities intermediary with respect to payments and distributions","url":"\/8.8A-505\/","token":"8.8A\/5\/8.8A-505","metadata":false},{"id":378347,"structure_id":53762,"section_number":"8.8A-506","catch_line":"Duty of securities intermediary to exercise rights as directed by entitlement holder","url":"\/8.8A-506\/","token":"8.8A\/5\/8.8A-506","metadata":{"court_decisions":""}},{"id":378348,"structure_id":53762,"section_number":"8.8A-507","catch_line":"Duty of securities intermediary to comply with entitlement order","url":"\/8.8A-507\/","token":"8.8A\/5\/8.8A-507","metadata":{"court_decisions":""}},{"id":378349,"structure_id":53762,"section_number":"8.8A-508","catch_line":"Duty of securities intermediary to change entitlement holder's position to other form of security holding","url":"\/8.8A-508\/","token":"8.8A\/5\/8.8A-508","metadata":false},{"id":378350,"structure_id":53762,"section_number":"8.8A-509","catch_line":"Specification of duties of securities intermediary by other statute or regulation; manner of performance of duties of securities intermediary and exercise of rights of entitlement holder","url":"\/8.8A-509\/","token":"8.8A\/5\/8.8A-509","metadata":false},{"id":378351,"structure_id":53762,"section_number":"8.8A-510","catch_line":"Rights of purchaser of security entitlement from entitlement holder","url":"\/8.8A-510\/","token":"8.8A\/5\/8.8A-510","metadata":false},{"id":378352,"structure_id":53762,"section_number":"8.8A-511","catch_line":"Priority among security interests and entitlement holders","url":"\/8.8A-511\/","token":"8.8A\/5\/8.8A-511","metadata":false}],"previous_section":{"id":378342,"structure_id":53762,"section_number":"8.8A-501","catch_line":"Securities account; acquisition of security entitlement from securities intermediary","url":"\/8.8A-501\/","token":"8.8A\/5\/8.8A-501","metadata":false},"next_section":{"id":378344,"structure_id":53762,"section_number":"8.8A-503","catch_line":"Property interest of entitlement holder in financial asset held by securities intermediary","url":"\/8.8A-503\/","token":"8.8A\/5\/8.8A-503","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/8.8A-502\/","history_text":"<p>This law was first created in 1996. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?961+ful+CHAP0216\">216<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":[{"id":378351,"section_number":"8.8A-510","catch_line":"Rights of purchaser of security entitlement from entitlement holder","order_by":null,"url":"\/8.8A-510\/"}],"refers_to":[{"id":378342,"section_number":"8.8A-501","catch_line":"Securities account; acquisition of security entitlement from securities intermediary","order_by":null,"url":"\/8.8A-501\/"}],"permalink":{"id":1510789,"object_type":"law","relational_id":378343,"identifier":"8.8A-502","token":"8.8A\/5\/8.8A-502","url":"\/8.8A-502\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/8.8A-502\/","token":"8.8A\/5\/8.8A-502","dublin_core":{"Title":"Assertion of adverse claim against entitlement holder","Type":"Text","Format":"text\/html","Identifier":"\u00a7 8.8A-502","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<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 \u00a7&nbsp;<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>","plain_text":"                                 CODE OF VIRGINIA\n\nASSERTION OF ADVERSE CLAIM AGAINST ENTITLEMENT HOLDER (\u00a7 8.8A-502)\n\nAn action based on an adverse claim to a financial asset, whether framed in\nconversion, replevin, constructive trust, equitable lien, or other theory, may\nnot be asserted against a person who acquires a security entitlement under \u00a7\n8.8A-501 for value and without notice of the adverse claim.\n\nHISTORY: 1996, c. 216.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}