{"data":{"id":"us-fl/fla.-stat.-678.5081","jurisdiction":"us-fl","citation":"Fla. Stat. § 678.5081","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.\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":"6ac05ff7e7b08ec29bab9ce22d6b305b143c2dc3853da90222535731db090018","source_id":"us-fl","stale":false,"prev":"us-fl/fla.-stat.-678.5071","next":"us-fl/fla.-stat.-678.5091"},"notice":"GroundRules: Original legal text. Not legal advice."}