{"data":{"id":"us-ct/conn.-gen.-stat.-42a-8-508","jurisdiction":"us-ct","citation":"Conn. Gen. Stat. § 42a-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(1) The securities intermediary acts as agreed upon by the entitlement holder and the securities intermediary; or\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 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-8-508","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":"af0bfcb2657cdb262259080d25ed74fa897a27b998d1a94abf9a98a33e4e1b84","source_id":"us-ct","stale":false,"prev":"us-ct/conn.-gen.-stat.-42a-8-507","next":"us-ct/conn.-gen.-stat.-42a-8-509"},"notice":"GroundRules: Original legal text. Not legal advice."}