{"data":{"id":"us-dc/d.c.-code-28-8-115","jurisdiction":"us-dc","citation":"D.C. Code § 28:8-115","heading":"Securities intermediary and others not liable to adverse claimant.","body":"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:\n\n(1)\nTook 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\n\n(2)\nActed in collusion with the wrongdoer in violating the rights of the adverse claimant; or\n\n(3)\nIn the case of a security certificate that has been stolen, acted with notice of the adverse claim.","path":["Title 28. Commercial Instruments and Transactions. [Enacted title]","Subtitle I. Uniform Commercial Code.","Article 8. Investment Securities.","Part I. Short Title and General Matters."],"source_url":"https://code.dccouncil.gov/us/dc/council/code/sections/28:8-115","current_through":"2026-08-20 (D.C. Law 26-175)","vintage":"","retrieved_at":"2026-08-29T05:44:07Z","sha256":"f6d0a85649fed5e4ab5622e87392f4fda97eb31408f6aceb8a80ae8a0c0d7cb0","source_id":"us-dc","stale":false,"prev":"us-dc/d.c.-code-28-8-114","next":"us-dc/d.c.-code-28-8-116"},"notice":"GroundRules: Original legal text. Not legal advice."}