{"data":{"id":"us-ky/krs-355.8-115","jurisdiction":"us-ky","citation":"KRS 355.8-115","heading":"Securities intermediary and others not liable to adverse claimant.","body":"A securities intermediary that has transferred a financial asset pursuant to an effective\nentitlement order, or a broker or other agent or bailee that has dealt with a financial asset\nat the direction of its customer or principal, is not liable to a person  having an adverse\nclaim to the financial asset, unless the securities intermediary, or broker or other agent or\nbailee:\n(1) Took the action after it had been served with an injunction, restraining order, or\nother legal process enjoining it from doing so, issued by a court of competent\njurisdiction, and had a reasonable opportunity to act on the injunction, restraining\norder, or other legal process; or\n(2) Acted in collusion with the wrongdoer in violating the rights of the adverse\nclaimant; or\n(3) In the c ase of a security certificate that has been stolen, acted with notice of the\nadverse claim.","path":[],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=33676","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:58:46Z","sha256":"84a74707b1f9d579b932d9091697af49c93effdcf5042e6264ffddb32b1c9968","source_id":"us-ky","stale":false,"prev":"us-ky/krs-355.8-114","next":"us-ky/krs-355.8-116"},"notice":"GroundRules: Original legal text. Not legal advice."}