Florida Statutes
Fla. Stat. § 678.1151 (2025)
Securities intermediary and others not liable to adverse claimant.
✓ 2025 Florida Statutes — current through the 2025 Regular Session
Find cases:
SyfertCases citing this section
FL-LEGleg.state.fl.us
JustiaFla. Statutes
CornellLII Search
CasesGoogle Scholar
678.1151 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; 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.
Notes of Decisions
Cited in 1
case (1 in the last 5 years), 2022–2022 · leading case: First Fin. Bank v. Fox Capital Grp. Inc. (S.D. Ohio 2022).
First Fin. Bank v. Fox Capital Grp. Inc. (S.D. Ohio 2022). “5 ( Fla. Stat. § 678.1151 ). In re Tuscany Energy, LLC, 581 B.”
Annotations are extracted automatically from the opinions in the
Syfert caselaw corpus and ranked by authority, recency, and
treatment. Dots show Syfertize treatment of the citing case itself.