{"data":{"id":"us-ma/mass.-gen.-laws-ch.-106-8-115","jurisdiction":"us-ma","citation":"Mass. Gen. Laws ch. 106, § 8-115","heading":"Securities Intermediary and Others Not Liable to Adverse Claimant","body":"Section 8–115. 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":["Part I","Title XV","Chapter 106","Article 8"],"source_url":"https://malegislature.gov/Laws/GeneralLaws/PartI/TitleXV/Chapter106/Section8-115","current_through":"amendments passed before May 31, 2026","vintage":"","retrieved_at":"2026-09-17T05:22:28Z","sha256":"d150905d0e4690d16c43ea2193b52553728a3337941433508f1bfc4f3fdb902c","source_id":"us-ma","stale":false,"prev":"us-ma/mass.-gen.-laws-ch.-106-8-114","next":"us-ma/mass.-gen.-laws-ch.-106-8-116"},"notice":"GroundRules: Original legal text. Not legal advice."}