One Click Case Law for § 11-8-508
O.C.G.A. § 11-8-507 <-- --> O.C.G.A. §11-8-509

2010 Georgia Code

TITLE 11 - COMMERCIAL CODE
ARTICLE 8 - INVESTMENT SECURITIES
PART 5 - SECURITY ENTITLEMENTS
§ 11-8-508 - Duty of securities intermediary to change entitlement holder's position to other form of security holding

O.C.G.A. 11-8-508 (2010)
11-8-508. Duty of securities intermediary to change entitlement holder's position to other form 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.