{"data":{"id":"us-co/c.r.s.-4-8-506","jurisdiction":"us-co","citation":"C.R.S. § 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\n(1) The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or\n\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 - UNIFORM COMMERCIAL CODE","Article 8 - Investment Securities","Part 5 - SECURITY ENTITLEMENTS"],"source_url":"https://olls.info/crs/crs2026-title-04.htm","current_through":"Colorado Revised Statutes 2026","vintage":"","retrieved_at":"2026-09-14T18:37:45Z","sha256":"81c3dcfa796f71bf9b19fdc552bc4bfa5e49504072946b78c9a5e67f199d1949","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-4-8-505","next":"us-co/c.r.s.-4-8-507"},"notice":"GroundRules: Original legal text. Not legal advice."}