{"data":{"id":"us-mt/30-8-125","jurisdiction":"us-mt","citation":"30-8-125","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(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;\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":["TITLE 30. TRADE AND COMMERCE","CHAPTER 8. UNIFORM COMMERCIAL CODE INVESTMENT SECURITIES","Part 1. Short Title and General Matters"],"source_url":"https://mca.legmt.gov/bills/mca/title_0300/chapter_0080/part_0010/section_0250/0300-0080-0010-0250.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:51:01Z","sha256":"6445bafe1db33beff4862a412bcdd08142a9f282f810ce8ed7e0cd354c7d43b3","source_id":"us-mt","stale":false,"prev":"us-mt/30-8-124","next":"us-mt/30-8-126"},"notice":"GroundRules: Original legal text. Not legal advice."}