{"data":{"id":"us-az/a.r.s.-47-8506","jurisdiction":"us-az","citation":"A.R.S. § 47-8506","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\n1. The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or\n\n2. 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 47 Weights and Measures"],"source_url":"https://www.azleg.gov/ars/47/08506.htm","current_through":"57th Legislature, 2nd Regular Session (effective 2027-01-01); mirror section count 24991","vintage":"2026-09-15","retrieved_at":"2026-09-26T04:29:04Z","sha256":"7dcfc1b2e92d101bac57833f996a865669f3619032b4d7a79ff373f101609be5","source_id":"us-az","stale":false,"prev":"us-az/a.r.s.-47-8505","next":"us-az/a.r.s.-47-8507"},"notice":"GroundRules: Original legal text. Not legal advice."}