Michigan § 440.8502 - Action based on adverse claim.
Full text of Michigan Michigan Compiled Laws § 440.8502 — Action based on adverse claim., with citation guidance and answers to common questions.
§ 440.8502. Action based on adverse claim.
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.
Source: official Michigan text · Last verified 2026-08-27
Frequently Asked Questions About Michigan § 440.8502
What does Michigan Compiled Laws § 440.8502 cover?
Section 440.8502 ("Action based on adverse claim.") is part of the Michigan Compiled Laws, the codified statutory law of Michigan. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Michigan § 440.8502?
A common citation format is "Michigan Compiled Laws § 440.8502" (Michigan). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Michigan law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Michigan official source linked on this page or consult a licensed Michigan attorney.
How does Michigan § 440.8502 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Michigan can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Michigan.