Fla. Stat. 678.1151
Securities intermediary and others not liable to adverse claimant

(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.

Source: Section 678.1151 — Securities intermediary and others not liable to adverse claimant, https://www.­flsenate.­gov/Laws/Statutes/2024/0678.­1151 (accessed Aug. 7, 2025).

Current through Fall 2025

§ 678.1151. Securities intermediary & others not liable to adverse claimant's source at flsenate​.gov