Oregon Revised Statutes Chapter 78 § 78.1150 — Securities intermediary and others not liable to adverse claimant
Oregon Revised Statutes Chapter 78 ·
Oregon Code § 78.1150·Enacted ·Last updated March 01, 2026
Statute Text
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. [1995 c.328 §15]
Plain English Explanation
This Oregon statute addresses Securities intermediary and others not liable to adverse claimant. AI-powered analysis coming soon.
Key Points
01Part of Oregon statutory law
02Referenced as Oregon Code § 78.1150
03Subject to legislative amendments
04Consult a licensed attorney for application to specific cases
Frequently Asked Questions
This section of Oregon law addresses Securities intermediary and others not liable to adverse claimant. Read the full statute text above for details.
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The formal citation is Oregon Code § 78.1150. Use this format in legal documents and court filings.
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