(810 ILCS 5/8-115)
    Sec. 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; 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: P.A. 89-364, eff. 1-1-96.)