{"data":{"id":"us-ia/iowa-code-554.8508","jurisdiction":"us-ia","citation":"Iowa Code § 554.8508","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:\n1. the securities intermediary acts as agreed upon by the entitlement holder and the securities intermediary; or\n2. 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 XIII - COMMERCE (Ch. 505 - 554I)","Chapter 554 - UNIFORM COMMERCIAL CODE","Article 8 - INVESTMENT SECURITIES","Part 5 - SECURITY ENTITLEMENTS"],"source_url":"https://www.legis.iowa.gov/docs/code/2026/554.8508.pdf","current_through":"Iowa Code 2026 edition","vintage":"","retrieved_at":"2026-09-14T19:40:15Z","sha256":"86486467f1c1eb73131ea8c255b44afbfc3835bf1babe90436d69207077cf727","source_id":"us-ia","stale":false,"prev":"us-ia/iowa-code-554.8507","next":"us-ia/iowa-code-554.8509"},"notice":"GroundRules: Original legal text. Not legal advice."}