{"data":{"id":"us-il/810-ilcs-5-8-115","jurisdiction":"us-il","citation":"810 ILCS 5/8-115","heading":"","body":"Securities intermediary and others not liable to adverse claimant. 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":["CHAPTER 810 COMMERCIAL CODE","Uniform Commercial Code."],"source_url":"https://www.ilga.gov/legislation/ILCS/details?ActID=2301\u0026ChapterID=66\u0026ChapAct=FullText\u0026Print=True","current_through":"at least Public Act 104-790","vintage":"","retrieved_at":"2026-09-15T04:46:47Z","sha256":"87b9007afbeb26522e8018c0e160722b043f7c8cb6eb0ba3a6973ec48404ef95","source_id":"us-il","stale":false,"prev":"us-il/810-ilcs-5-8-114","next":"us-il/810-ilcs-5-8-116"},"notice":"GroundRules: Original legal text. Not legal advice."}