{"data":{"id":"us-ga/o.c.g.a.-11-8-115","jurisdiction":"us-ga","citation":"O.C.G.A. § 11-8-115","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 11 Commercial Code","Article 8 Investment Securities","PART 1 Short Title and General Matters"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.11.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"14678a1197ba9b83829b0b3c8eee17630b2e9d66e7112b8c4e9f7befa105bf97","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-11-8-114","next":"us-ga/o.c.g.a.-11-8-116"},"notice":"GroundRules: Original legal text. Not legal advice."}