NRS 104.8115
Securities intermediary and others not liable to adverse claimant.

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 his or her customer or principal, is not liable to a person having an adverse claim to the financial asset, unless he or she:

1.

Took the action after he or she had been served with an injunction, restraining order or other legal process enjoining him or her 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;

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 had been stolen, acted with notice of the adverse claim.

Source: Section 104.8115 — Securities intermediary and others not liable to adverse claimant., https://www.­leg.­state.­nv.­us/NRS/NRS-104.­html#NRS104Sec8115.

Last Updated

Feb. 5, 2021

§ 104.8115’s source at nv​.us