{"data":{"id":"us-al/ala.-code-7-8-508","jurisdiction":"us-al","citation":"Ala. Code § 7-8-508","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 7 Commercial Code.","Article 8 Investment Securities.","Part 5 Security Entitlements."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=7-8-508","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:52Z","sha256":"c74f0c411f2e5215cccd7c604dffaed86e4533ce57d6f6d99a6c60e1bedcb5d6","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-7-8-507","next":"us-al/ala.-code-7-8-509"},"notice":"GroundRules: Original legal text. Not legal advice."}