Ohio Rev. Code § 1308.58: Duty of securities intermediary to change entitlement holder's position to other form of security holding - UCC 8-508.
Where this section sits in the code
- Title 13 Commercial Transactions
- Chapter 1308 Investment Securities
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:
(A) The securities intermediary acts 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 follow the direction of the entitlement holder.
Collected 2026-09-14T19:24:29Z. Source file · JSON