LegalFix
Sign In

Section 78.5080 - Duty of securities intermediary to change entitlement holder’s position to other form of security holding.

OR Rev Stat § 78.5080 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

(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. [1995 c.328 §48]

Previous Section
Section 78.5070 - Duty of securities intermediary to comply with entitlement order.
Next Section
Section 78.5090 - Specification of duties of securities intermediary by other statute or regulation; manner of performance of duties of securities intermediary and exercise of rights of entitlement holder.