{"data":{"id":"us-de/6-del.-c.-8-506","jurisdiction":"us-de","citation":"6 Del. C. § 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 6. Commerce and Trade","SUBTITLE I","Uniform Commercial Code","ARTICLE 8. Investment Securities","Part 5","Security Entitlements"],"source_url":"https://delcode.delaware.gov/title6/c008/sc05/index.html#8-506","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:06Z","sha256":"d79bff8653de13d8e048e789a93f3625909444341f9383587fc408f58ce8de7e","source_id":"us-de","stale":true,"prev":"us-de/6-del.-c.-8-505","next":"us-de/6-del.-c.-8-507"},"notice":"GroundRules: Original legal text. Not legal advice."}