{"data":{"id":"us-fl/fla.-stat.-678.5061","jurisdiction":"us-fl","citation":"Fla. Stat. § 678.5061","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.\nHistory.—s. 5, ch. 98-11.","path":["CHAPTER 678 UNIFORM COMMERCIAL CODE: INVESTMENT SECURITIES"],"source_url":"https://www.leg.state.fl.us/statutes/index.cfm?App_mode=Display_Statute\u0026URL=0600-0699/0678/0678.html","current_through":"2026 Florida Statutes","vintage":"","retrieved_at":"2026-08-27T02:11:55Z","sha256":"b3e421c4336d34bb7e0944a0e5b1211685939eedda6ef17095acd2b3d6d3c2df","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-678.5051","next":"us-fl/fla.-stat.-678.5071"},"notice":"GroundRules: Original legal text. Not legal advice."}