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Form a Business

Action based on adverse claim.

MCL 440.8502
in effect
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440.8502. Action based on adverse claim. Sec. 8502. An action based on an adverse claim to a financial asset, whether framed in conversion, replevin, constructive trust, equitable lien, or other theory, may not be asserted against a person who acquires a security entitlement under section 8501 for value and without notice of the adverse claim. Add. 1998, Act 278, Imd. Eff. July 27, 1998
Source: Michigan Legislature (legislature.mi.gov)URL: https://legislature.mi.gov/Laws/MCL?objectName=mcl-440-8502Fetched: 10/20/2026

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