{"data":{"id":"us-ks/k.s.a.-84-8-115","jurisdiction":"us-ks","citation":"K.S.A. 84-8-115","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(a) 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(b) acted in collusion with the wrongdoer in violating the rights of the adverse claimant; or\n(c) in the case of a security certificate that has been stolen, acted with notice of the adverse claim.","path":["Chapter 84.—UNIFORM COMMERCIAL CODE","Article 8.—INVESTMENT SECURITIES"],"source_url":"https://www.ksrevisor.gov/statutes/chapters/ch84/084_008_0115.html","current_through":"2025 legislative session","vintage":"","retrieved_at":"2026-09-04T15:15:37Z","sha256":"192b75405de7f9679eb0d7af2e28341098594e3e8320d8f249114f6c1b8d502d","source_id":"us-ks","stale":false,"prev":"us-ks/k.s.a.-84-8-114","next":"us-ks/k.s.a.-84-8-116"},"notice":"GroundRules: Original legal text. Not legal advice."}