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Wyoming · Through 2026 Budget Session; as of 2026-07-01

Wyo. Stat. § 34.1-8-115: Securities intermediary and others not liable to adverse claimant.

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Where this section sits in the code
  1. TITLE 34.1 - UNIFORM COMMERCIAL CODE
  2. ARTICLE 8 - INVESTMENT SECURITIES
  3. 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

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