{"data":{"id":"us-ak/as-45.08.508","jurisdiction":"us-ak","citation":"AS 45.08.508","heading":"Duty of securities intermediary to change entitlement holder's position to other form of security holding.","body":"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\n(1) the securities intermediary acts as agreed upon by the entitlement holder and the securities intermediary; or\n(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.","path":["Title 45. Trade and Commerce.","Chapter 08. Investment Securities.","Article 5. Security Entitlements."],"source_url":"https://www.akleg.gov/basis/statutes.asp#45.08.508","current_through":"Alaska Statutes 2025 (34th Legislature, 2025-2026)","vintage":"","retrieved_at":"2026-09-02T06:19:44Z","sha256":"de139b39898d5f283ef321774d41e62face4f4f5fb0f7964416ba34248239e7c","source_id":"us-ak","stale":false,"prev":"us-ak/as-45.08.507","next":"us-ak/as-45.08.509"},"notice":"GroundRules: Original legal text. Not legal advice."}