{"data":{"id":"us-wv/w.-va.-code-46-8-115","jurisdiction":"us-wv","citation":"W. Va. Code § 46-8-115","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; or\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":["CHAPTER 46. UNIFORM COMMERCIAL CODE.","ARTICLE 8. INVESTMENT SECURITIES."],"source_url":"https://code.wvlegislature.gov/46-8-115/","current_through":"as of 2026-08-03; contains at least the enactments of the 2026 Regular Session","vintage":"","retrieved_at":"2026-09-06T00:29:52Z","sha256":"7abf5817791da4031c00a66b96b5746276c9e92a168e72e7642c0c9ffb264e90","source_id":"us-wv","stale":true,"prev":"us-wv/w.-va.-code-46-8-114","next":"us-wv/w.-va.-code-46-8-116"},"notice":"GroundRules: Original legal text. Not legal advice."}