§ 47-8-508. Duty of securities intermediary to change entitlement holder's position to other form of security holding.

TN Code § 47-8-508 (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.