Wyo. Stat. § 34.1-8-115: Securities intermediary and others not liable to adverse claimant.
Where this section sits in the code
- TITLE 34.1 - UNIFORM COMMERCIAL CODE
- ARTICLE 8 - INVESTMENT SECURITIES
- PART 1 SHORT TITLE AND GENERAL MATTERS
(a) 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:
(i) Took the action after it had 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
(ii) Acted in collusion with the wrongdoer in violating the rights of the adverse claimant; or
(iii) In the case of a security certificate that has been stolen, acted with notice of the adverse claim.
Collected 2026-09-04T00:16:32Z. Source file · JSON