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United States
Leading Case
equitable lienconstructive trusttracingerisa fiduciary
Sereboff v. Mid Atlantic Medical Services, Inc.
547 U.S. 356 (2006)
Key Principle
An equitable lien 'by agreement' over a specifically identified fund in the defendant's possession is equitable relief under ERISA s.502(a)(3); the strict tracing rules that govern equitable liens 'by restitution' do not apply to a lien created by contract.
Area of Law
Equity, Trusts & Restitution
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