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§12A-8-508.


§12A-8-508.
   
   Duty of Securities Intermediary to Change Entitlement Holder's
   Position to Other Forms of Security Holding.
   
   A securities intermediary shall act at the direction of an entitlement
   holder to change a security entitlement into another available form of
   holding for which the entitlement holder is eligible, or to cause the
   financial asset to be transferred to a securities account of the
   entitlement holder with another securities intermediary. A securities
   intermediary satisfies the duty if:
   
   (1) the securities intermediary acts 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 follow
   the direction of the entitlement holder.
   

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