Vermont § 115 - § 8—115.

§ 115. § 8—115.

• 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 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; (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. (Added 1995, No. 92 (Adj. Sess.), § 1, eff. Jan. 1, 1997.)