{"data":{"id":"us-nd/n.d.-cent.-code-41-08-15","jurisdiction":"us-nd","citation":"N.D. Cent. Code § 41-08-15","heading":"(8-115) 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:\n1.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;\n2.Acted in collusion with the wrongdoer in violating the rights of the adverse claimant; or\n3.In the case of a security certificate that has been stolen, acted with notice of the adverse claim.","path":["Title 41 Uniform Commercial Code","Chapter 41-08 Investment Securities"],"source_url":"https://ndlegis.gov/cencode/t41c08.pdf","current_through":"2026-07-31T11:12:02","vintage":"","retrieved_at":"2026-09-02T21:04:14Z","sha256":"1c41ae3740cb58f951b7ab834d1377ff571e05be99c501f7375ea5c12c88371f","source_id":"us-nd","stale":true,"prev":"us-nd/n.d.-cent.-code-41-08-14","next":"us-nd/n.d.-cent.-code-41-08-16"},"notice":"GroundRules: Original legal text. Not legal advice."}