{"data":{"id":"us-ct/conn.-gen.-stat.-42a-8-506","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 42a-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 42a. UNIFORM COMMERCIAL CODE","ARTICLE 8*. INVESTMENT SECURITIES","PART 5. SECURITY ENTITLEMENTS"],"source_url":"https://www.cga.ct.gov/current/pub/art_008.htm#sec_42a-8-506","current_through":"Revised to January 1, 2026 (2026 Supplement to the General Statutes of Connecticut, applied over the base revision of January 1, 2025)","vintage":"","retrieved_at":"2026-09-06T19:07:15Z","sha256":"7edfbcc0d2a6b23553afef9f353daac24dbc0d727fc30d3bda626d7cc455c615","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-42a-8-505","next":"us-ct/conn.-gen.-stat.-42a-8-507"},"notice":"GroundRules: Original legal text. Not legal advice."}