{"data":{"id":"us-va/va.-code-8.8a-115","jurisdiction":"us-va","citation":"Va. Code § 8.8A-115","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:(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(2) acted in collusion with the wrongdoer in violating the rights of the adverse claimant; or(3) in the case of a security certificate that has been stolen, acted with notice of the adverse claim.1996, c. 216.","path":["Title 8.8A. COMMERCIAL CODE — INVESTMENT SECURITIES","Part 1. SHORT TITLE AND GENERAL MATTERS"],"source_url":"https://law.lis.virginia.gov/vacode/8.8A-115/","current_through":"9/4/2026","vintage":"","retrieved_at":"2026-09-04T15:13:24Z","sha256":"8958909f662ae64c0dd8a6d9c5bc24b04f7a1ff459349793dcc854201eada988","source_id":"us-va","stale":true,"prev":"us-va/va.-code-8.8a-114","next":"us-va/va.-code-8.8a-116"},"notice":"GroundRules: Original legal text. Not legal advice."}