{"data":{"id":"us-vt/9a-v.s.a.-8-115","jurisdiction":"us-vt","citation":"9A V.S.A. § 8—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:\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 9A: Uniform Commercial Code","Article 008: Investment Securities"],"source_url":"https://legislature.vermont.gov/statutes/fullchapter/09A/008","current_through":"2025 session","vintage":"","retrieved_at":"2026-09-05T14:56:51Z","sha256":"6445bafe1db33beff4862a412bcdd08142a9f282f810ce8ed7e0cd354c7d43b3","source_id":"us-vt","stale":false,"prev":"us-vt/9a-v.s.a.-8-114","next":"us-vt/9a-v.s.a.-8-116"},"notice":"GroundRules: Original legal text. Not legal advice."}