{"data":{"id":"us-hi/haw.-rev.-stat.-490-8-506","jurisdiction":"us-hi","citation":"Haw. Rev. Stat. § 490:8-506","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\n(1) The securities intermediary acts with respect to the duty as agreed upon by the entitlement holder and the securities intermediary; or\n\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":["Hawaii Code","Division 2","Title 27","Chapter 490"],"source_url":"http://www.capitol.hawaii.gov/hrscurrent/Vol11_Ch0476-0490/HRS0490/HRS_0490-0008-0506.htm","current_through":"2026-08-14","vintage":"open-us-law v2026.08, retrieved 2026-09-14","retrieved_at":"2026-09-14T18:32:11Z","sha256":"81c3dcfa796f71bf9b19fdc552bc4bfa5e49504072946b78c9a5e67f199d1949","source_id":"us-hi","stale":false,"prev":"us-hi/haw.-rev.-stat.-490-8-505","next":"us-hi/haw.-rev.-stat.-490-8-507"},"notice":"GroundRules: Original legal text. Not legal advice."}