§12A-8-506.

§12A-8-506.
   
   Duty of Securities Intermediary to Exercise Rights as Directed by
   Entitlement Holder.
   
   A securities intermediary shall exercise rights with respect to a
   financial asset if directed to do so by an entitlement holder. A
   securities intermediary satisfies the duty if:
   
   (1) the securities intermediary acts with respect to the duty as
   agreed upon by the entitlement holder and the securities intermediary;
   or
   
   (2) in the absence of agreement, the securities intermediary either
   places the entitlement holder in a position to exercise the rights
   directly or exercises due care in accordance with reasonable
   commercial standards to follow the direction of the entitlement
   holder.