N.Y. Uniform Commercial Code Law § 8-502: Assertion of Adverse Claim against Entitlement Holder

Section 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 8--501 for value and without notice

of the adverse claim.