{"data":{"id":"us-or/ors-78.1150","jurisdiction":"us-or","citation":"ORS 78.1150","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":["02 - Business Organizations, Commercial Code","8. Commercial Transactions","Chapter 78 — Investment Securities"],"source_url":"https://www.oregonlegislature.gov/bills_laws/ors/ors078.html","current_through":"2025 Edition","vintage":"","retrieved_at":"2026-09-03T23:50:11Z","sha256":"ee255fe64cc77bbfe434dfd5ba1373e3713927b31dddcce6c309806c37f5a92c","source_id":"us-or","stale":false,"prev":"us-or/ors-78.1140","next":"us-or/ors-78.1160"},"notice":"GroundRules: Original legal text. Not legal advice."}