New Jersey § 12a:8-115
Full text of New Jersey New Jersey Statutes § 12a:8-115, with citation guidance and answers to common questions.
§ 12a:8-115.
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: (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 (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 has been stolen, acted with notice
of the adverse claim.
Frequently Asked Questions About New Jersey § 12a:8-115
What does New Jersey Statutes § 12a:8-115 cover?
Section 12a:8-115 is part of the New Jersey Statutes, the codified statutory law of New Jersey. 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 New Jersey § 12a:8-115?
A common citation format is "New Jersey Statutes § 12a:8-115" (New Jersey). 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 New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 12a:8-115 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey 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 New Jersey.