{"data":{"id":"us-co/c.r.s.-4-8-508","jurisdiction":"us-co","citation":"C.R.S. § 4-8-508","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\n(1) The securities intermediary acts as agreed upon by the entitlement holder and the securities intermediary; or\n\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 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":"6ea482d182a17447786a5aa2e8488b21e7acd996098bc4e46b9c01b703eb65cc","source_id":"us-co","stale":false,"prev":"us-co/c.r.s.-4-8-507","next":"us-co/c.r.s.-4-8-509"},"notice":"GroundRules: Original legal text. Not legal advice."}