{"data":{"id":"us-ar/ark.-code-ann.-4-8-506","jurisdiction":"us-ar","citation":"Ark. Code Ann. § 4-8-506","heading":"Duty of securities intermediary to exercise rights as directed by entitlement holder.","body":"A securities intermediary shall exercise rights with respect to a financial asset if directed to do so by an entitlement holder. A securities intermediary satisfies the duty if:\n(1) the securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or\n(2) in the absence of agreement, the securities intermediary either places the entitlement holder in a position to exercise the rights directly or exercises due care in accordance with reasonable commercial standards to follow the direction of the entitlement holder.","path":["Title 4 Business and Commercial Law","Subtitle 1. Uniform Commercial Code","Chapter 8 Investment Securities","Part 5 — Security Entitlements"],"source_url":"https://archive.org/download/gov.ar.code/release78.2020.11.06/gov.ar.code.title.04.odt","current_through":"2020-11-06","vintage":"Arkansas Code Release 78 (2020-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T21:07:03Z","sha256":"d79bff8653de13d8e048e789a93f3625909444341f9383587fc408f58ce8de7e","source_id":"us-ar","stale":false,"prev":"us-ar/ark.-code-ann.-4-8-505","next":"us-ar/ark.-code-ann.-4-8-507"},"notice":"GroundRules: Original legal text. Not legal advice."}