{"data":{"id":"us-ia/iowa-code-554.8115","jurisdiction":"us-ia","citation":"Iowa Code § 554.8115","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:\n1. 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\n2. acted in collusion with the wrongdoer in violating the rights of the adverse claimant; or\n3. in the case of a security certificate that has been stolen, acted with notice of the adverse claim.","path":["Title XIII - COMMERCE (Ch. 505 - 554I)","Chapter 554 - UNIFORM COMMERCIAL CODE","Article 8 - INVESTMENT SECURITIES","Part 1 - SHORT TITLE AND GENERAL MATTERS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/554.8115.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:15Z","sha256":"f7f20c0211e2e6cc7e9d98fce5c7535546f798b068eeff34ac0741bf7e574397","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-554.8114","next":"us-ia/iowa-code-554.8116"},"notice":"GroundRules: Original legal text. Not legal advice."}