{"data":{"id":"us-fl/fla.-stat.-678.1151","jurisdiction":"us-fl","citation":"Fla. Stat. § 678.1151","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.\nHistory.—s. 1, ch. 98-11.","path":["CHAPTER 678 UNIFORM COMMERCIAL CODE: INVESTMENT SECURITIES"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0600-0699/0678/0678.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:11:55Z","sha256":"252d74e7e1dc4401f8702ac708597052b37cb99abd5bf24296c741539428a135","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-678.1141","next":"us-fl/fla.-stat.-678.1161"},"notice":"GroundRules: Original legal text. Not legal advice."}