{"data":{"id":"us-pa/13-pa.c.s.-8115","jurisdiction":"us-pa","citation":"13 Pa.C.S. § 8115","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 13 - COMMERCIAL CODE","CHAPTER 81 SHORT TITLE AND GENERAL MATTERS"],"source_url":"https://www.palegis.us/statutes/consolidated/view-statute?txtType=HTM\u0026ttl=13\u0026div=0\u0026chpt=81\u0026sctn=15\u0026subsctn=0","current_through":"2025-12-01 (Statute Update stamp, 13 Pa.C.S.)","vintage":"","retrieved_at":"2026-09-02T16:31:03Z","sha256":"4cf8bb28c3b6daf926da3376c1311b83f8006c5aeb49069477f253f63f798a54","source_id":"us-pa","stale":false,"prev":"us-pa/13-pa.c.s.-8114","next":"us-pa/13-pa.c.s.-8116"},"notice":"GroundRules: Original legal text. Not legal advice."}