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Section 78.5070 - Duty of securities intermediary to comply with entitlement order.

OR Rev Stat § 78.5070 (2019) (N/A)
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(a) The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or

(b) In the absence of agreement, the securities intermediary exercises due care in accordance with reasonable commercial standards to comply with the entitlement order.

(2) 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. [1995 c.328 §47]

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Section 78.5060 - Duty of securities intermediary to exercise rights as directed by entitlement holder.
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Section 78.5080 - Duty of securities intermediary to change entitlement holder’s position to other form of security holding.