{"data":{"id":"us-de/6-del.-c.-8-115","jurisdiction":"us-de","citation":"6 Del. C. § 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(1) 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\n(2) acted in collusion with the wrongdoer in violating the rights of the adverse claimant; or\n(3) in the case of a security certificate that has been stolen, acted with notice of the adverse claim.","path":["Title 6. Commerce and Trade","SUBTITLE I","Uniform Commercial Code","ARTICLE 8. Investment Securities","Part 1","Short Title and General Matters"],"source_url":"https://delcode.delaware.gov/title6/c008/sc01/index.html#8-115","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:06Z","sha256":"93ec3dbe865ec68c4608e6794e9ebfa7fd5209787ee20b25c70280875128b7de","source_id":"us-de","stale":true,"prev":"us-de/6-del.-c.-8-114","next":"us-de/6-del.-c.-8-116"},"notice":"GroundRules: Original legal text. Not legal advice."}