{"data":{"id":"us-ga/o.c.g.a.-11-8-508","jurisdiction":"us-ga","citation":"O.C.G.A. § 11-8-508","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 11 Commercial Code","Article 8 Investment Securities","PART 5 Security Entitlements"],"source_url":"https://archive.org/download/gov.ga.ocga.2018/release86.2022.11/gov.ga.ocga.title.11.odt","current_through":"Release 86 (2022-11)","vintage":"Public.Resource.Org bulk O.C.G.A., Release 86 (2022-11), retrieved 2026-09-17","retrieved_at":"2026-09-17T19:34:57Z","sha256":"af0bfcb2657cdb262259080d25ed74fa897a27b998d1a94abf9a98a33e4e1b84","source_id":"us-ga","stale":false,"prev":"us-ga/o.c.g.a.-11-8-507","next":"us-ga/o.c.g.a.-11-8-509"},"notice":"GroundRules: Original legal text. Not legal advice."}