§12A-8-507.

§12A-8-507.
   
   Duty of Securities Intermediary to Comply with Entitlement Order.
   
   (a) A securities intermediary shall comply with an entitlement order
   if the entitlement order is originated by the appropriate person, the
   securities intermediary has had reasonable opportunity to assure
   itself that the entitlement order is genuine and authorized, and the
   securities intermediary has had reasonable opportunity to comply with
   the entitlement order. 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 exercises
   due care in accordance with reasonable commercial standards to comply
   with the entitlement order.
   
   (b) If a securities intermediary transfers a financial asset pursuant
   to an ineffective entitlement order, the securities intermediary shall
   reestablish a security entitlement in favor of the person entitled to
   it, and pay or credit any payments or distributions that the person
   did not receive as a result of the wrongful transfer. If the
   securities intermediary does not reestablish a security entitlement,
   the securities intermediary is liable to the entitlement holder for
   damages.