{"data":{"id":"us-de/6-del.-c.-8-508","jurisdiction":"us-de","citation":"6 Del. C. § 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 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#8-508","current_through":"2026-08-10 (85 Del. Laws, c. 421, 424)","vintage":"","retrieved_at":"2026-09-05T23:02:06Z","sha256":"c74f0c411f2e5215cccd7c604dffaed86e4533ce57d6f6d99a6c60e1bedcb5d6","source_id":"us-de","stale":true,"prev":"us-de/6-del.-c.-8-507","next":"us-de/6-del.-c.-8-509"},"notice":"GroundRules: Original legal text. Not legal advice."}